Barclays PLC (BCS) Cut to “Sell” at Vetr Inc.
Barclays PLC (NYSE:BCS) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday. They presently have a $8.22 target price on the financial services provider’s stock. Vetr‘s price objective would suggest a potential downside of 3.97% from the stock’s previous close.
BCS has been the subject of several other research reports. Exane BNP Paribas raised Barclays PLC from a “neutral” rating to an “outperform” rating in a research note on Monday, August 8th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Barclays PLC in a research note on Sunday, June 26th. BNP Paribas raised Barclays PLC from a “neutral” rating to an “outperform” rating in a research note on Monday, August 8th. Goldman Sachs Group Inc. lowered Barclays PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, Jefferies Group lowered Barclays PLC from a “buy” rating to an “underperform” rating and set a $115.00 target price for the company. in a research note on Monday, June 27th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.71.
Barclays PLC (NYSE:BCS) traded up 4.01% during mid-day trading on Tuesday, hitting $8.56. 5,153,306 shares of the stock traded hands. The company has a 50-day moving average of $8.76 and a 200 day moving average of $8.95. Barclays PLC has a 1-year low of $6.76 and a 1-year high of $15.64. The firm’s market capitalization is $29.59 billion.
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The company also recently announced a dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were given a dividend of $0.052 per share. The ex-dividend date was Wednesday, August 10th. Barclays PLC’s dividend payout ratio (DPR) is currently -31.25%.
Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in Barclays PLC during the first quarter worth approximately $30,217,000. Private Bank & Trust Co. boosted its stake in Barclays PLC by 28.1% in the second quarter. Private Bank & Trust Co. now owns 27,637 shares of the financial services provider’s stock worth $210,000 after buying an additional 6,070 shares during the period. Scotia Capital Inc. boosted its stake 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 worth $210,000 after buying an additional 2,206 shares during the period. HBK Investments L P boosted its stake in Barclays PLC by 346.8% in the first quarter. HBK Investments L P now owns 357,900 shares of the financial services provider’s stock worth $3,085,000 after buying an additional 277,800 shares during the period. Finally, State Street Corp boosted its stake 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 worth $700,000 after buying an additional 54,000 shares during the period. Institutional investors and hedge funds own 2.73% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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