Investec Downgrades Barclays Capital to Buy (BCS)
Barclays Capital (NYSE:BCS) was downgraded by research analysts at Investec to a “buy” rating in a report released on Thursday, Stock Ratings Network.com reports.
A number of other analysts have also recently weighed in on BCS. Analysts at Berenberg Bank raised their price target on shares of Barclays Capital (NYSE:BCS) from $160.00 to $180.00 in a research note to investors on Tuesday, September 3rd. They now have a “sell” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Barclays Capital (NYSE:BCS) in a research note to investors on Monday, September 2nd. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Barclays Capital (NYSE:BCS) in a research note to investors on Wednesday, August 14th.
Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $180.00.
Barclays Capital (NYSE:BCS) opened at 19.30 on Thursday. Barclays Capital has a 1-year low of $13.66 and a 1-year high of $20.60. The stock has a 50-day moving average of $18. and a 200-day moving average of $18.. The company’s market cap is $61.157 billion.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 13th. Investors of record on Friday, August 9th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, August 7th.
Barclays PLC (NYSE:BCS) is a global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management.
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