Barclays Rating Reiterated by Citigroup Inc. (BCS)
Shares of Barclays (NYSE:BCS) traded up 1.99% during mid-day trading on Friday, hitting $14.84. 5,818,945 shares of the company’s stock traded hands. Barclays has a 1-year low of $15.32 and a 1-year high of $19.59. The stock has a 50-day moving average of $16.41 and a 200-day moving average of $16.92. The company has a market cap of $60.273 billion and a P/E ratio of 46.04.
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 $1.85 earnings per share for the current fiscal year.
A number of other firms have also recently commented on BCS. Analysts at Goldman Sachs upgraded shares of Barclays from a “hold” rating to a “buy” rating in a research note on Monday. Separately, analysts at Canaccord Genuity upgraded shares of Barclays from a “hold” rating to a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Barclays in a research note on Thursday, June 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. Barclays presently has a consensus rating of “Buy” and an average target price of $280.00.
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.
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