Barclays PLC (BCS) Stock Rating Upgraded by HSBC
Barclays PLC (NYSE:BCS) was upgraded by stock analysts at HSBC from a “hold” rating to a “buy” rating in a report issued on Wednesday, StockTargetPrices.com reports.
Several other research firms also recently weighed in on BCS. BNP Paribas raised Barclays PLC from a “neutral” rating to an “outperform” rating in a report on Thursday, May 26th. Deutsche Bank AG reissued a “hold” rating on shares of Barclays PLC in a report on Thursday, May 26th. Investec downgraded Barclays PLC from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. Zacks Investment Research raised Barclays PLC from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a report on Friday, September 9th. Finally, Citigroup Inc. reissued a “sell” rating on shares of Barclays PLC in a report on Wednesday, August 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Barclays PLC 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. Barclays PLC has a 1-year low of $6.76 and a 1-year high of $15.86. The firm’s market cap is $29.80 billion. The company has a 50-day moving average of $8.67 and a 200-day moving average of $9.03.
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The company also recently declared a dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were given a $0.052 dividend. The ex-dividend date was Wednesday, August 10th. Barclays PLC’s dividend payout ratio is currently -31.25%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its position in shares of Barclays PLC by 7.5% in the second quarter. Fisher Asset Management LLC now owns 23,244,449 shares of the financial services provider’s stock worth $178,285,000 after buying an additional 1,630,534 shares in the last quarter. Brandes Investment Partners LP raised its stake in Barclays PLC by 2.4% in the second quarter. Brandes Investment Partners LP now owns 6,451,870 shares of the financial services provider’s stock worth $49,034,000 after buying an additional 153,657 shares during the last quarter. Cambiar Investors LLC raised its stake in Barclays PLC by 11.7% in the fourth quarter. Cambiar Investors LLC now owns 5,318,849 shares of the financial services provider’s stock worth $68,932,000 after buying an additional 556,334 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Barclays PLC during the first quarter worth approximately $30,217,000. Finally, SG Americas Securities LLC raised its stake in Barclays PLC by 404.1% in the second quarter. SG Americas Securities LLC now owns 2,203,032 shares of the financial services provider’s stock worth $16,743,000 after buying an additional 1,765,971 shares during the last quarter. Institutional investors and hedge funds 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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