Barclays PLC (NYSE:BCS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Barclays PLC (NYSE:BCS) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

BCS has been the topic of a number of research analyst reports. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. Berenberg Bank assumed coverage on Barclays in a research report on Wednesday, June 24th. They issued a “buy” rating on the stock. Finally, BNP Paribas Exane cut Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th.

Hedge Funds Weigh In On Barclays

Several hedge funds have recently bought and sold shares of BCS. Natixis Advisors LLC grew its position in Barclays by 5.9% in the 3rd quarter. Natixis Advisors LLC now owns 9,886,650 shares of the financial services provider’s stock valued at $204,357,000 after acquiring an additional 549,497 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its stake in Barclays by 70.5% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 124,961 shares of the financial services provider’s stock worth $3,180,000 after purchasing an additional 51,679 shares during the period. Main Street Research LLC acquired a new stake in shares of Barclays during the third quarter worth about $35,035,000. Capital Wealth Planning LLC boosted its stake in shares of Barclays by 31.7% in the third quarter. Capital Wealth Planning LLC now owns 666,132 shares of the financial services provider’s stock valued at $13,769,000 after purchasing an additional 160,195 shares during the period. Finally, BTC Capital Management Inc. purchased a new position in shares of Barclays in the fourth quarter valued at approximately $1,946,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Stock Performance

NYSE BCS opened at $27.74 on Friday. The stock has a market cap of $94.55 billion, a PE ratio of 11.56, a P/E/G ratio of 0.47 and a beta of 1.00. Barclays has a twelve month low of $18.10 and a twelve month high of $28.00. The stock has a fifty day simple moving average of $24.59 and a 200-day simple moving average of $24.42. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94.

Barclays (NYSE:BCS) last posted its earnings results on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The company had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $10.88 billion. Barclays had a net margin of 21.10% and a return on equity of 8.12%. Equities analysts anticipate that Barclays will post 2.83 earnings per share for the current 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.