Vetr Inc. Upgrades Barclays PLC (BCS) to “Hold”
Barclays PLC (NYSE:BCS) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued on Tuesday. The firm presently has a $8.22 price objective on the financial services provider’s stock. Vetr‘s price target would indicate a potential downside of 2.26% from the stock’s current price.
Several other research firms have also commented on BCS. 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 report on Friday, September 9th. Deutsche Bank AG reissued a “neutral” rating on shares of Barclays PLC in a research report on Thursday, June 16th. Citigroup Inc. reissued a “sell” rating on shares of Barclays PLC in a research report on Wednesday, August 31st. Bank of America Corp. lowered Barclays PLC from a “buy” rating to a “neutral” rating in a research report on Monday, June 27th. Finally, BNP Paribas lowered Barclays PLC from an “outperform” rating to a “neutral” rating in a research report on Monday, June 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Barclays PLC currently has an average rating of “Hold” and a consensus target price of $35.71.
Barclays PLC (NYSE:BCS) traded down 1.41% during trading on Tuesday, reaching $8.41. 6,328,082 shares of the company were exchanged. The firm’s 50 day moving average is $8.82 and its 200 day moving average is $8.97. The stock’s market capitalization is $29.08 billion. Barclays PLC has a 52-week low of $6.76 and a 52-week high of $15.81.
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The firm also recently declared a dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were paid a $0.052 dividend. The ex-dividend date was Wednesday, August 10th. Barclays PLC’s payout ratio is -31.25%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCS. Pacad Investment Ltd. acquired a new position in Barclays PLC during the first quarter valued at about $428,000. Franklin Resources Inc. boosted its position in Barclays PLC by 48.5% in the first quarter. Franklin Resources Inc. now owns 1,130,005 shares of the financial services provider’s stock valued at $9,740,000 after buying an additional 369,165 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in 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 valued at $232,000 after buying an additional 10,776 shares during the last quarter. State Street Corp boosted its position in Barclays PLC by 198.5% in the first quarter. State Street Corp now owns 81,207 shares of the financial services provider’s stock valued at $700,000 after buying an additional 54,000 shares during the last quarter. Finally, Scotia Capital Inc. boosted its position in Barclays PLC by 9.9% in the first quarter. Scotia Capital Inc. now owns 24,400 shares of the financial services provider’s stock valued at $210,000 after buying an additional 2,206 shares during the last quarter. 2.95% of the stock is owned by institutional investors.
About Barclays PLC
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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