Barclays PLC (BCS) Rating Lowered to Sell at Vetr Inc.
Barclays PLC (NYSE:BCS) was downgraded by 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 target would suggest a potential downside of 3.97% from the stock’s current price.
Several other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating on shares of Barclays PLC in a research report on Monday, October 10th. Zacks Investment Research downgraded shares of Barclays PLC from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 21st. HSBC upgraded shares of Barclays PLC from a “hold” rating to a “buy” rating and upped their price target for the company from $6.76 to $8.62 in a report on Wednesday, September 21st. Deutsche Bank AG reiterated a “hold” rating on shares of Barclays PLC in a report on Friday, September 16th. Finally, Citigroup Inc. reiterated a “sell” rating on shares of Barclays PLC in a report on Wednesday, August 31st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock 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. The company had a trading volume of 5,153,306 shares. The stock has a 50 day moving average price of $8.76 and a 200-day moving average price of $8.95. The stock’s market capitalization is $29.59 billion. Barclays PLC has a 1-year low of $6.76 and a 1-year high of $15.64.
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The company also recently declared a dividend, which was paid on Monday, September 19th. Shareholders 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 currently -31.25%.
Several large investors have recently added to or reduced their stakes in BCS. VNBTrust National Association raised 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 $102,000. First Allied Advisory Services Inc. bought a new position in shares of Barclays PLC during the second quarter valued at $110,000. Cypress Wealth Advisors LLC bought a new position in shares of Barclays PLC during the second quarter valued at $113,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Barclays PLC during the third quarter valued at $124,000. 2.73% of the stock is currently owned by 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.
To view Vetr’s full report, visit Vetr’s official website.
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