Barclays (BCS) – Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Barclays (NYSE: BCS):

  • 2/9/2018 – Barclays had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
  • 2/2/2018 – Barclays was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 2/1/2018 – Barclays had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 1/22/2018 – Barclays was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Barclays' shares on NYSE have underperformed the industry over the past six months. Also, the company has surpassed the Zacks Consensus Estimate for earnings in only one of the trailing four quarters. It has been facing pressure on revenues owing to weak capital market performance, low interest rates and uncertainty related to Brexit. Further, the U.S. tax act will result in a one-time charge of $1.3 billion in the fourth quarter, thereby hurting the bank's profitability in 2017. However, the bank's restructuring and business simplifying efforts have ended successfully and will likely continue to result in decrease in expenses. Also, driven by these efforts, the company is expected to enhance capital deployment activities as profitability improves going forward.”
  • 1/11/2018 – Barclays was downgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “underperform” rating.
  • 1/10/2018 – Barclays was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal” rating.
  • 1/10/2018 – Barclays was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Barclays' shares on NYSE have underperformed the industry over the past six months. Also, the company has surpassed the Zacks Consensus Estimate for earnings in only one of the trailing four quarters. It has been facing pressure on revenues owing to weak capital market performance, low interest rates and uncertainty related to Brexit. Further, the U.S. tax act will result in a one-time charge of $1.3 billion in the fourth quarter, thereby hurting the bank's profitability in 2017. However, the bank's restructuring and business simplifying efforts have ended successfully and will likely continue to result in decrease in expenses.”
  • 1/5/2018 – Barclays was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/2/2018 – Barclays was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Barclays' shares on NYSE have underperformed the industry over the past six months. Also, the company has surpassed the Zacks Consensus Estimate for earnings in only one of the trailing four quarters. It has been facing pressure on revenues owing to weak capital market performance, low interest rates and uncertainty related to Brexit. Further, the U.S. tax act will result in a one-time charge of $1.3 billion in the fourth quarter, thereby hurting the bank's profitability in 2017. However, the bank's restructuring and business simplifying efforts have ended successfully and will likely continue to result in decrease in expenses. Also, the gradually improving profitability is expected to lead to enhanced capital deployment activities.”
  • 12/15/2017 – Barclays was downgraded by analysts at Investec from a “buy” rating to a “hold” rating.

Barclays PLC (NYSE BCS) opened at $10.75 on Monday. 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 PLC has a 12-month low of $9.29 and a 12-month high of $12.02. The company has a market cap of $45,849.82, a PE ratio of -89.58, a PEG ratio of 0.56 and a beta of 0.89.

Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.

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