Barclays PLC (BCS) Upgraded at Investec
Barclays PLC (NYSE:BCS) was upgraded by research analysts at Investec from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
Several other equities research analysts have also issued reports 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 report on Friday, September 9th. Vetr raised Barclays PLC from a “sell” rating to a “hold” rating and set a $8.22 price target on the stock in a research report on Tuesday, October 11th. Citigroup Inc. reissued a “sell” rating on shares of Barclays PLC in a research report on Wednesday, August 31st. Exane BNP Paribas raised Barclays PLC from a “neutral” rating to an “outperform” rating in a research report on Monday, August 8th. Finally, HSBC raised 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 report on Wednesday, September 21st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $35.71.
Barclays PLC (NYSE:BCS) traded up 1.75% during midday trading on Wednesday, hitting $8.71. 1,463,831 shares of the company traded hands. The stock’s market cap is $30.11 billion. Barclays PLC has a 12-month low of $6.76 and a 12-month high of $15.64. The stock has a 50 day moving average of $8.76 and a 200 day moving average of $8.95.
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The business also recently declared a dividend, which was paid on Monday, September 19th. Investors of record on Friday, August 12th were given a $0.052 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. Barclays PLC’s dividend payout ratio (DPR) is -31.25%.
Several institutional investors have recently added to or reduced their stakes in BCS. Fox Run Management L.L.C. bought a new position in Barclays PLC during the third quarter worth $124,000. Raymond James Trust N.A. raised its position in Barclays PLC by 5.7% in the third quarter. Raymond James Trust N.A. now owns 20,635 shares of the financial services provider’s stock worth $179,000 after buying an additional 1,116 shares during the period. VNBTrust National Association raised 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. Eqis Capital Management Inc. raised its position in Barclays PLC by 54.3% in the third quarter. Eqis Capital Management Inc. now owns 19,004 shares of the financial services provider’s stock worth $165,000 after buying an additional 6,688 shares during the period. Finally, Lincluden Management Ltd. raised its position in Barclays PLC by 2.1% in the second quarter. Lincluden Management Ltd. now owns 164,524 shares of the financial services provider’s stock worth $1,250,000 after buying an additional 3,402 shares during the period. Institutional investors and hedge funds own 2.73% 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.
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