Barclays (BCS) Stock Rating Lowered by Investec
Barclays (NYSE:BCS) was downgraded by equities research analysts at Investec from a “buy” rating to a “hold” rating in a report issued on Friday.
Several other research firms have also recently commented on BCS. UBS restated a “buy” rating on shares of Barclays in a report on Monday. Goldman Sachs Group reiterated a “sell” rating on shares of Barclays in a report on Tuesday, December 5th. ValuEngine upgraded shares of Barclays from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BNP Paribas cut shares of Barclays from an “outperform” rating to a “neutral” rating in a report on Thursday, October 5th. Finally, Zacks Investment Research upgraded shares of Barclays from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Barclays has an average rating of “Hold” and an average target price of $11.25.
Barclays (BCS) traded up $0.05 during trading on Friday, hitting $10.82. 2,818,700 shares of the stock traded hands, compared to its average volume of 2,984,117. The company has a debt-to-equity ratio of 3.78, a quick ratio of 1.19 and a current ratio of 1.21. Barclays has a fifty-two week low of $9.29 and a fifty-two week high of $11.96. The stock has a market cap of $45,892.18, a PE ratio of 15.61, a P/E/G ratio of 0.75 and a beta of 0.95.
Hedge funds have recently added to or reduced their stakes in the business. Park National Corp OH bought a new stake in Barclays during the third quarter valued at about $109,000. HPM Partners LLC boosted its holdings in Barclays by 1.8% during 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 period. Well Done LLC bought a new stake in Barclays during the third quarter valued at about $130,000. ACG Wealth bought a new stake in Barclays during the third quarter valued at about $130,000. Finally, MAI Capital Management boosted its holdings in Barclays by 21.8% during 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 period. Institutional investors own 2.48% of the company’s stock.
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