Barclays PLC (NYSE:BCS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Barclays PLC (NYSE:BCS) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of research firms have commented on BCS. Zacks Research lowered shares of Barclays from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Barclays in a research report on Tuesday, December 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research report on Monday, November 24th. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a report on Thursday, October 23rd. Finally, Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, January 22nd.

Hedge Funds Weigh In On Barclays

Large investors have recently made changes to their positions in the business. New York State Common Retirement Fund boosted its stake in shares of Barclays by 10.4% during the 3rd quarter. New York State Common Retirement Fund now owns 1,830,351 shares of the financial services provider’s stock worth $37,833,000 after acquiring an additional 172,944 shares in the last quarter. RWA Wealth Partners LLC bought a new position in shares of Barclays in the 2nd quarter valued at approximately $654,000. Voya Investment Management LLC lifted its holdings in Barclays by 39.5% in the 3rd quarter. Voya Investment Management LLC now owns 146,796 shares of the financial services provider’s stock worth $3,034,000 after purchasing an additional 41,585 shares during the last quarter. Norges Bank bought a new stake in Barclays during the second quarter worth approximately $63,206,000. Finally, Assetmark Inc. boosted its position in Barclays by 217.6% during the second quarter. Assetmark Inc. now owns 47,436 shares of the financial services provider’s stock worth $882,000 after purchasing an additional 32,500 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Stock Performance

BCS opened at $27.51 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 5.94. The firm has a market cap of $95.37 billion, a PE ratio of 12.68, a P/E/G ratio of 0.41 and a beta of 0.98. The business has a fifty day simple moving average of $25.06 and a 200-day simple moving average of $22.06. Barclays has a fifty-two week low of $12.14 and a fifty-two week high of $27.54.

Barclays (NYSE:BCS) last announced its earnings results on Tuesday, September 30th. The financial services provider reported $0.45 EPS for the quarter. Barclays had a return on equity of 8.19% and a net margin of 21.26%.The business had revenue of $9.21 billion during the quarter. As a group, equities analysts predict that Barclays will post 2 EPS for the current fiscal year.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.