Barclays PLC (NYSE:BCS)’s stock price was up 5.6% during trading on Thursday . The stock traded as high as $7.44 and last traded at $7.41, approximately 7,062,086 shares traded hands during mid-day trading. An increase of 149% from the average daily volume of 2,837,076 shares. The stock had previously closed at $7.02.
Several equities research analysts recently commented on BCS shares. Exane BNP Paribas raised Barclays from an “underperform” rating to a “neutral” rating in a report on Wednesday, August 21st. ValuEngine raised Barclays from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research cut Barclays from a “hold” rating to a “sell” rating and set a $8.00 price target for the company. in a report on Wednesday, September 11th. BNP Paribas upgraded Barclays from an “underperform” rating to a “neutral” rating in a research report on Wednesday, August 21st. Finally, Keefe, Bruyette & Woods upgraded Barclays from an “underperform” rating to a “market perform” rating in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $8.00.
The company has a market capitalization of $30.26 billion, a PE ratio of 6.91, a price-to-earnings-growth ratio of 2.48 and a beta of 0.99. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 4.93. The firm has a 50-day moving average of $7.11 and a two-hundred day moving average of $7.67.
Barclays (NYSE:BCS) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.92 billion. Barclays had a return on equity of 5.03% and a net margin of 14.72%. On average, equities research analysts expect that Barclays PLC will post 1.11 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. Next Capital Management LLC purchased a new position in shares of Barclays during the second quarter worth $26,000. Lindbrook Capital LLC boosted its position in shares of Barclays by 38.6% during the second quarter. Lindbrook Capital LLC now owns 6,464 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,800 shares during the period. Parallel Advisors LLC boosted its position in shares of Barclays by 442.8% during the second quarter. Parallel Advisors LLC now owns 8,332 shares of the financial services provider’s stock worth $63,000 after buying an additional 6,797 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Barclays by 52.0% during the second quarter. Tower Research Capital LLC TRC now owns 8,487 shares of the financial services provider’s stock worth $65,000 after buying an additional 2,903 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Barclays during the second quarter worth $80,000. Institutional investors own 2.46% of the company’s stock.
Barclays Company Profile (NYSE:BCS)
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
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