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

Barclays PLC (NYSE:BCS) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of analysts have recently weighed in on BCS shares. Berenberg Bank started coverage on Barclays in a research note on Wednesday, June 24th. They set a “buy” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a report on Thursday, July 2nd. Citigroup reissued a “neutral” rating on shares of Barclays in a research report on Thursday, July 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a report on Wednesday, April 29th. Finally, Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th.

Barclays Trading Up 2.3%

Shares of BCS stock opened at $28.55 on Tuesday. The business has a 50-day moving average of $26.17 and a 200 day moving average of $24.71. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44. Barclays has a 1-year low of $18.79 and a 1-year high of $28.67. The stock has a market capitalization of $97.30 billion, a PE ratio of 11.89, a P/E/G ratio of 0.47 and a beta of 1.00.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Barclays had a return on equity of 8.12% and a net margin of 21.10%.The business had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $10.88 billion. As a group, sell-side analysts anticipate that Barclays will post 2.86 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Commonwealth Retirement Investments LLC bought a new position in Barclays during the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Barclays in the 4th quarter worth approximately $26,000. SHP Wealth Management purchased a new position in shares of Barclays during the fourth quarter valued at approximately $28,000. Advocate Investing Services LLC purchased a new position in shares of Barclays during the fourth quarter valued at approximately $33,000. Finally, First Pacific Financial raised its holdings in shares of Barclays by 3,036.4% during the first quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,670 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

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.