Barclays PLC (BCS) Given “Neutral” Rating at JPMorgan Chase & Co.
Barclays PLC (NYSE:BCS)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase & Co. in a report released on Monday.
BCS has been the topic of a number of other research reports. Citigroup Inc. reiterated a “sell” rating on shares of Barclays PLC in a research note on Wednesday, August 31st. HSBC upgraded Barclays PLC from a “hold” rating to a “buy” rating and increased their target price for the stock from $6.76 to $8.62 in a research note on Wednesday, September 21st. Vetr lowered Barclays PLC from a “strong-buy” rating to a “sell” rating and set a $8.22 target price on the stock. in a research note on Monday, October 3rd. Deutsche Bank AG reiterated a “hold” rating on shares of Barclays PLC in a research note on Friday, September 16th. Finally, Investec upgraded Barclays PLC from a “sell” rating to a “buy” rating in a research note on Thursday, August 25th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Barclays PLC currently has a consensus rating of “Hold” and an average price target of $35.71.
Shares of Barclays PLC (NYSE:BCS) traded down 0.408% during mid-day trading on Monday, reaching $8.545. The company had a trading volume of 4,195,287 shares. The firm’s 50 day moving average is $8.82 and its 200-day moving average is $8.97. Barclays PLC has a 12-month low of $6.76 and a 12-month high of $15.81. The stock’s market capitalization is $29.54 billion.
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The business also recently announced a dividend, which was paid on Monday, September 19th. Shareholders of record on Friday, August 12th were issued a dividend of $0.052 per share. The ex-dividend date of this dividend was Wednesday, August 10th. Barclays PLC’s payout ratio is presently -31.25%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. VNBTrust National Association increased its position in shares of Barclays PLC by 0.6% in the third quarter. VNBTrust National Association now owns 11,671 shares of the financial services provider’s stock valued at $101,000 after buying an additional 70 shares during the last quarter. Green Square Capital LLC bought a new position in shares of Barclays PLC during the second quarter valued at approximately $102,000. Banced Corp bought a new position in shares of Barclays PLC during the second quarter valued at approximately $203,000. First Allied Advisory Services Inc. bought a new position in shares of Barclays PLC during the second quarter valued at approximately $110,000. Finally, Cypress Wealth Advisors LLC bought a new position in shares of Barclays PLC during the second quarter valued at approximately $113,000. 2.95% of the stock is currently owned by hedge funds and other institutional investors.
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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