Barclays (BCS) Receives “Neutral” Rating from Credit Suisse Group

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Credit Suisse Group restated their neutral rating on shares of Barclays (NYSE:BCS) in a research note released on Friday, The Fly reports.

Several other equities research analysts have also recently issued reports on BCS. Zacks Investment Research upgraded Barclays from a sell rating to a hold rating in a report on Monday, July 23rd. ValuEngine upgraded Barclays from a strong sell rating to a sell rating in a report on Saturday, July 28th. JPMorgan Chase & Co. restated a buy rating on shares of Barclays in a report on Tuesday, September 4th. Finally, Berenberg Bank upgraded Barclays from a hold rating to a buy rating in a report on Monday, October 1st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Barclays presently has an average rating of Hold and a consensus price target of $14.00.

Barclays stock traded down $0.14 during mid-day trading on Friday, hitting $9.15. 3,410,793 shares of the company were exchanged, compared to its average volume of 3,318,852. The company has a debt-to-equity ratio of 4.99, a quick ratio of 1.50 and a current ratio of 1.52. The company has a market capitalization of $39.55 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 0.35 and a beta of 0.70. Barclays has a 12-month low of $8.47 and a 12-month high of $12.55.

Barclays (NYSE:BCS) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.11. Barclays had a return on equity of 6.30% and a net margin of 1.94%. The company had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.76 billion. On average, analysts forecast that Barclays will post 1.04 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Park National Corp OH acquired a new position in Barclays in the third quarter valued at $100,000. Park Avenue Securities LLC acquired a new position in Barclays in the second quarter valued at $115,000. NumerixS Investment Technologies Inc acquired a new position in Barclays in the second quarter valued at $135,000. Cubist Systematic Strategies LLC acquired a new position in Barclays in the first quarter valued at $209,000. Finally, Fox Run Management L.L.C. acquired a new position in Barclays in the third quarter valued at $178,000. Institutional investors and hedge funds own 3.22% of the company’s stock.

Barclays Company Profile

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

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Analyst Recommendations for Barclays (NYSE:BCS)

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