Barclays PLC (BCS) Downgraded by Vetr Inc. to Sell
Barclays PLC (NYSE:BCS) was downgraded by analysts at Vetr from a “strong-buy” rating to a “sell” rating in a research note issued on Monday. They presently have a $8.22 price target on the financial services provider’s stock. Vetr‘s target price would indicate a potential downside of 4.20% from the stock’s previous close.
A number of other research analysts have also weighed in on the company. Zacks Investment Research raised Barclays PLC from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a research note on Friday, September 9th. Citigroup Inc. reissued a “sell” rating on shares of Barclays PLC in a research note on Wednesday, August 31st. Exane BNP Paribas raised Barclays PLC from a “neutral” rating to an “outperform” rating in a research note on Monday, August 8th. HSBC raised Barclays PLC from a “hold” rating to a “buy” rating and increased their price target for the stock from $6.76 to $8.62 in a research note on Wednesday, September 21st. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Barclays PLC in a research note on Sunday, June 26th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Barclays PLC has a consensus rating of “Hold” and a consensus price target of $35.71.
Barclays PLC (NYSE:BCS) traded down 2.50% on Monday, reaching $8.58. The company had a trading volume of 9,858,875 shares. The stock’s market capitalization is $29.66 billion. Barclays PLC has a 12 month low of $6.76 and a 12 month high of $15.81. The firm has a 50-day moving average of $8.82 and a 200-day moving average of $8.97.
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The firm also recently announced a dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were paid 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%.
Hedge funds have recently made changes to their positions in the stock. VNBTrust National Association increased its position in Barclays PLC by 0.6% in the third quarter. VNBTrust National Association now owns 11,671 shares of the financial services provider’s stock worth $101,000 after buying an additional 70 shares during the period. Green Square Capital LLC purchased a new position in Barclays PLC during the second quarter worth approximately $102,000. First Allied Advisory Services Inc. purchased a new position in Barclays PLC during the second quarter worth approximately $110,000. Cypress Wealth Advisors LLC purchased a new position in Barclays PLC during the second quarter worth approximately $113,000. Finally, Berkeley Capital Partners LLC increased its position in Barclays PLC by 13.4% in the first quarter. Berkeley Capital Partners LLC now owns 13,533 shares of the financial services provider’s stock worth $117,000 after buying an additional 1,595 shares during the period. 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.
To view Vetr’s full report, visit Vetr’s official website.
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