Bank of America Corp. Reiterates Buy Rating for Barclays Capital (BCS)
Barclays Capital (NYSE:BCS)‘s stock had its “buy” rating restated by analysts at Bank of America Corp. in a research report issued to clients and investors on Monday, Stock Ratings Network.com reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Barclays Capital from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $16.70 price target on the stock. Separately, analysts at Investec upgraded shares of Barclays Capital to a “buy” rating in a research note to investors on Friday. Finally, analysts at Societe Generale upgraded shares of Barclays Capital from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $175.57.
Barclays Capital (NYSE:BCS) remained flat at $17.48 during trading on Monday. 1,539,801 shares of the company’s stock traded hands. Barclays Capital has a 52 week low of $12.9677 and a 52 week high of $18.9862. The stock has a 50-day moving average of $17.09 and a 200-day moving average of $16.98. The company’s market cap is $55.390 billion.
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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