Barclays PLC (NYSE:BCS) Receives $8.00 Average PT from Analysts

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Barclays PLC (NYSE:BCS) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $8.00.

BCS has been the subject of a number of research reports. Keefe, Bruyette & Woods upgraded shares of Barclays from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 22nd. BNP Paribas upgraded shares of Barclays from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 26th. Exane BNP Paribas upgraded shares of Barclays from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 26th. UBS Group reiterated a “buy” rating on shares of Barclays in a report on Tuesday, October 15th. Finally, ValuEngine lowered shares of Barclays from a “sell” rating to a “strong sell” rating in a report on Monday, November 11th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. KCS Wealth Advisory bought a new position in Barclays during the 3rd quarter worth approximately $26,000. Tower Research Capital LLC TRC raised its holdings in Barclays by 52.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,487 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 2,903 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Barclays during the 2nd quarter worth approximately $80,000. Park Avenue Securities LLC bought a new position in Barclays during the 3rd quarter worth approximately $108,000. Finally, EP Wealth Advisors LLC bought a new position in Barclays during the 3rd quarter worth approximately $108,000. Institutional investors and hedge funds own 2.30% of the company’s stock.

Shares of BCS stock traded down $0.06 on Tuesday, reaching $9.36. The company had a trading volume of 3,164,997 shares, compared to its average volume of 3,169,577. The business’s 50-day moving average is $9.29 and its 200 day moving average is $8.08. The stock has a market capitalization of $40.58 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. Barclays has a one year low of $6.54 and a one year high of $10.22. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 5.04.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Friday, October 25th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $6.83 billion during the quarter, compared to analyst estimates of $6.48 billion. Barclays had a net margin of 8.14% and a return on equity of 5.11%. On average, sell-side analysts forecast that Barclays will post 1.21 earnings per share for the current fiscal year.

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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