Espirito Santo Investment Bank Research Reiterates Buy Rating for Barclays (BCS)
Barclays (NYSE:BCS) traded up 4.23% during mid-day trading on Wednesday, hitting $15.52. 4,158,585 shares of the company’s stock traded hands. Barclays has a one year low of $13.96 and a one year high of $19.59. The stock has a 50-day moving average of $15.15 and a 200-day moving average of $16.42. The company has a market cap of $63.034 billion and a price-to-earnings ratio of 47.12.
Barclays (NYSE:BCS) last announced its earnings results 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 $1.72 earnings per share for the current fiscal year.
BCS has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Barclays in a research note on Wednesday. Separately, analysts at Numis Securities Ltd upgraded shares of Barclays to a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Barclays currently has an average rating of “Hold” and an average price target of $146.50.
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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