Barclays PLC (BCS) Given Consensus Rating of “Hold” by Analysts
Shares of Barclays PLC (NYSE:BCS) have received an average recommendation of “Hold” from the twenty brokerages that are covering the company, Marketbeat reports. Nine research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $8.22.
BCS has been the topic of a number of analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Barclays PLC in a report on Wednesday. Zacks Investment Research cut shares of Barclays PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Morgan Stanley reaffirmed a “buy” rating on shares of Barclays PLC in a report on Tuesday, July 18th. J P Morgan Chase & Co raised shares of Barclays PLC from a “neutral” rating to an “overweight” rating in a report on Thursday, June 1st. Finally, ValuEngine cut shares of Barclays PLC from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
Shares of Barclays PLC (BCS) opened at 9.83 on Friday. The stock has a 50 day moving average of $10.34 and a 200 day moving average of $10.75. Barclays PLC has a one year low of $8.02 and a one year high of $12.05. The stock’s market cap is $41.91 billion.
Barclays PLC (NYSE:BCS) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.01. Barclays PLC had a positive return on equity of 2.57% and a negative net margin of 2.65%. The business had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.22 billion. Equities analysts expect that Barclays PLC will post $0.86 EPS for the current fiscal year.
The firm also recently disclosed a None dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 11th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a dividend yield of 1.95%. Barclays PLC’s dividend payout ratio (DPR) is -88.23%.
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In other Barclays PLC news, major shareholder Plc Barclays sold 37 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $100,000.00, for a total value of $3,700,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.02% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC boosted its holdings in shares of Barclays PLC by 73.9% in the second quarter. Verition Fund Management LLC now owns 41,914 shares of the financial services provider’s stock worth $444,000 after buying an additional 17,814 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Barclays PLC by 21.1% in the second quarter. Sterling Capital Management LLC now owns 19,694 shares of the financial services provider’s stock worth $209,000 after buying an additional 3,437 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Barclays PLC by 14.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 5,904,900 shares of the financial services provider’s stock worth $62,533,000 after buying an additional 724,794 shares during the period. State Street Corp boosted its holdings in shares of Barclays PLC by 0.4% in the second quarter. State Street Corp now owns 27,113 shares of the financial services provider’s stock worth $288,000 after buying an additional 100 shares during the period. Finally, Shelton Capital Management boosted its holdings in shares of Barclays PLC by 21.6% in the second quarter. Shelton Capital Management now owns 78,179 shares of the financial services provider’s stock worth $828,000 after buying an additional 13,876 shares during the period. Institutional investors own 2.47% of the company’s stock.
Barclays PLC Company Profile
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