Barclays (BCS) Rating Increased to Buy at ValuEngine

Barclays (NYSE:BCS) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods upgraded Barclays from an “underperform” rating to a “market perform” rating in a research report on Tuesday, October 31st. Berenberg Bank upgraded Barclays from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Zacks Investment Research cut Barclays from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 28th. Macquarie upgraded Barclays from an “underperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. Finally, UBS Group restated a “buy” rating on shares of Barclays in a research report on Wednesday, November 29th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.25.

Shares of Barclays (BCS) traded down $0.28 during midday trading on Friday, hitting $10.77. The company had a trading volume of 3,402,800 shares, compared to its average volume of 2,602,650. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 3.78. Barclays has a 52 week low of $9.29 and a 52 week high of $11.96. The company has a market capitalization of $45,940.00, a PE ratio of 17.37, a P/E/G ratio of 0.55 and a beta of 0.95.

Several hedge funds and other institutional investors have recently modified their holdings of BCS. Park National Corp OH bought a new position in Barclays in the third quarter valued at about $109,000. HPM Partners LLC grew its position in Barclays 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. Well Done LLC bought a new position in Barclays in the third quarter valued at about $130,000. ACG Wealth bought a new position in Barclays in the third quarter valued at about $130,000. Finally, Strategic Global Advisors LLC grew its position in Barclays by 0.6% in the second quarter. Strategic Global Advisors LLC now owns 16,415 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 2.47% of the company’s stock.

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About Barclays

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Analyst Recommendations for Barclays (NYSE:BCS)

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