Barclays PLC (BCS) Rating Increased to Buy at HSBC
Barclays PLC (NYSE:BCS) was upgraded by HSBC from a “hold” rating to a “buy” rating in a report released on Wednesday.
BCS has been the subject of a number of other reports. Citigroup Inc. reiterated a “sell” rating on shares of Barclays PLC in a research report on Wednesday, August 31st. Deutsche Bank AG reissued a “hold” rating on shares of Barclays PLC in a report on Friday, September 16th. Investec raised shares of Barclays PLC from a “sell” rating to a “buy” rating in a report on Thursday, August 25th. BNP Paribas raised shares of Barclays PLC from a “neutral” rating to an “outperform” rating in a report on Monday, August 8th. Finally, Zacks Investment Research lowered shares of Barclays PLC from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $46.91.
Shares of Barclays PLC (NYSE:BCS) opened at 8.62 on Wednesday. The company’s market capitalization is $29.80 billion. Barclays PLC has a 1-year low of $6.76 and a 1-year high of $15.86. The stock’s 50 day moving average is $8.67 and its 200 day moving average is $9.03.
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The firm also recently announced a dividend, which was paid on Monday, September 19th. Shareholders of record on Friday, August 12th were given a dividend of $0.052 per share. The ex-dividend date of this dividend was Wednesday, August 10th. Barclays PLC’s dividend payout ratio is presently -31.25%.
A number of institutional investors have recently modified their holdings of BCS. OLD Mission Capital LLC acquired a new position in shares of Barclays PLC during the first quarter worth $1,211,000. Geode Capital Management LLC raised its position in shares of Barclays PLC by 34.8% in the first quarter. Geode Capital Management LLC now owns 68,626 shares of the financial services provider’s stock worth $591,000 after buying an additional 17,712 shares in the last quarter. Scotia Capital Inc. raised its position in shares of Barclays PLC by 9.9% in the first quarter. Scotia Capital Inc. now owns 24,400 shares of the financial services provider’s stock worth $210,000 after buying an additional 2,206 shares in the last quarter. State Street Corp raised its position in shares of Barclays PLC by 198.5% in the first quarter. State Street Corp now owns 81,207 shares of the financial services provider’s stock worth $700,000 after buying an additional 54,000 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Barclays PLC by 66.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,876 shares of the financial services provider’s stock worth $232,000 after buying an additional 10,776 shares in the last quarter. Hedge funds and other institutional investors own 2.95% of the company’s stock.
Barclays PLC Company Profile
Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.
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