Barclays PLC (BCS) Stock Rating Reaffirmed by Goldman Sachs Group, Inc. (The)
Barclays PLC (NYSE:BCS)‘s stock had its “sell” rating reissued by equities research analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Wednesday.
BCS has been the topic of several other reports. J P Morgan Chase & Co raised Barclays PLC from a “neutral” rating to an “overweight” rating in a research report on Thursday, June 1st. BidaskClub downgraded Barclays PLC from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. ValuEngine raised Barclays PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research downgraded Barclays PLC from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Barclays PLC in a research report on Monday, August 14th. Nine research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Barclays PLC has an average rating of “Hold” and a consensus target price of $10.09.
Shares of Barclays PLC (BCS) traded up 2.18% during midday trading on Wednesday, hitting $9.83. The stock had a trading volume of 2,424,195 shares. The firm has a 50-day moving average price of $10.34 and a 200-day moving average price of $10.75. The firm’s market cap is $41.91 billion. Barclays PLC has a 1-year low of $8.02 and a 1-year high of $12.05.
Barclays PLC (NYSE:BCS) last issued its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.22 billion. Barclays PLC had a negative net margin of 2.65% and a positive return on equity of 2.57%. On average, equities analysts anticipate that Barclays PLC will post $0.86 EPS for the current fiscal year.
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In other Barclays PLC news, major shareholder Plc Barclays sold 260 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $100,000.00, for a total transaction of $26,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.02% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Fox Run Management L.L.C. bought a new position in shares of Barclays PLC in the second quarter valued at approximately $110,000. Advisor Partners LLC bought a new position in shares of Barclays PLC in the second quarter valued at approximately $119,000. HPM Partners LLC raised its stake in shares of Barclays PLC by 1.8% in the second quarter. HPM Partners LLC now owns 11,545 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 203 shares during the last quarter. MAI Capital Management raised its stake in shares of Barclays PLC by 21.8% in the second quarter. MAI Capital Management now owns 12,619 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 2,261 shares during the last quarter. Finally, Cornerstone Investment Partners LLC raised its stake in shares of Barclays PLC by 8.1% in the second quarter. Cornerstone Investment Partners LLC now owns 13,875 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 1,042 shares during the last quarter. Hedge funds and other institutional investors own 2.47% of the company’s stock.
About Barclays PLC
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