Share on StockTwits

Barclays (NYSE:BCS) was upgraded by Redburn Partners to a “buy” rating in a research note issued on Thursday, American Banking reports.

BCS has been the subject of a number of other recent research reports. Analysts at BNP Paribas downgraded shares of Barclays from an “outperform” rating to a “neutral” rating in a research note on Monday. Separately, analysts at RBC Capital downgraded shares of Barclays from an “outperform” rating to a “sector perform” rating in a research note on Monday. They now have a $280.00 price target on the stock, down previously from $300.00. Finally, analysts at Nomura initiated coverage on shares of Barclays in a research note on Thursday, May 8th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Barclays currently has an average rating of “Buy” and an average target price of $280.00.

Barclays (NYSE:BCS) traded down 1.70% on Thursday, hitting $16.475. 954,604 shares of the company’s stock traded hands. Barclays has a 52-week low of $15.32 and a 52-week high of $19.59. The stock has a 50-day moving average of $16.49 and a 200-day moving average of $17.01. The company has a market cap of $66.913 billion and a price-to-earnings ratio of 53.72. Barclays also saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 7,245,079 shares, a decrease of 27.6% from the March 31st total of 10,002,229 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 3,111,297 shares, the short-interest ratio is currently 2.3 days.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.37 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.11. On average, analysts predict that Barclays will post $1.91 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 23rd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.068 per share. This represents a $0.27 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, May 14th.

Barclays PLC (NYSE:BCS) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.