StockNews.com upgraded shares of Barclays (NYSE:BCS) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday morning.
A number of other research firms also recently weighed in on BCS. The Goldman Sachs Group began coverage on shares of Barclays in a research report on Tuesday, October 8th. They set a "buy" rating for the company. Kepler Capital Markets assumed coverage on shares of Barclays in a research note on Thursday, September 5th. They issued a "buy" rating on the stock.
Read Our Latest Analysis on BCS
Barclays Price Performance
Barclays stock traded down $0.06 during mid-day trading on Thursday, reaching $12.92. The company had a trading volume of 18,589,803 shares, compared to its average volume of 14,148,032. The stock's 50-day simple moving average is $13.06 and its 200-day simple moving average is $12.06. The company has a market capitalization of $46.62 billion, a P/E ratio of 8.79 and a beta of 1.41. Barclays has a 1 year low of $7.07 and a 1 year high of $13.83. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.35 and a quick ratio of 1.35.
Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. The company had revenue of $8.52 billion for the quarter. During the same period in the prior year, the business earned $0.42 EPS. On average, equities analysts predict that Barclays will post 1.85 EPS for the current year.
Institutional Investors Weigh In On Barclays
Several large investors have recently made changes to their positions in the company. Rothschild Investment LLC bought a new position in Barclays during the 2nd quarter valued at $30,000. Symphony Financial Ltd. Co. acquired a new stake in Barclays in the 3rd quarter valued at about $42,000. Hexagon Capital Partners LLC grew its stake in shares of Barclays by 32.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider's stock worth $56,000 after purchasing an additional 1,132 shares during the last quarter. Blue Trust Inc. boosted its holdings in Barclays by 452.5% during the second quarter. Blue Trust Inc. now owns 6,304 shares of the financial services provider's stock worth $68,000 after buying an additional 5,163 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Barclays by 42.6% in the third quarter. GAMMA Investing LLC now owns 9,280 shares of the financial services provider's stock worth $113,000 after buying an additional 2,774 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company's stock.
About Barclays
(
Get Free Report)
Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
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