Barclays PLC (NYSE:BCS) Receives $8.00 Average Price Target from Analysts

Barclays PLC (NYSE:BCS) has been given an average rating of “Hold” by the seven research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $8.00.

Several brokerages have commented on BCS. Zacks Investment Research downgraded shares of Barclays from a “hold” rating to a “sell” rating and set a $8.00 target price for the company. in a research note on Wednesday, September 11th. Exane BNP Paribas raised shares of Barclays from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 21st. Keefe, Bruyette & Woods raised shares of Barclays from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 22nd. BNP Paribas raised shares of Barclays from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 21st. Finally, ValuEngine downgraded shares of Barclays from a “sell” rating to a “strong sell” rating in a research note on Monday, November 11th.

NYSE:BCS traded up $0.02 during trading hours on Monday, hitting $8.65. The stock had a trading volume of 3,113,700 shares, compared to its average volume of 2,974,153. Barclays has a one year low of $6.54 and a one year high of $8.97. The company has a debt-to-equity ratio of 5.04, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market cap of $37.26 billion, a price-to-earnings ratio of 7.46, a P/E/G ratio of 2.16 and a beta of 1.01. The business’s 50 day moving average is $8.29 and its 200-day moving average is $7.69.

Institutional investors have recently added to or reduced their stakes in the company. Next Capital Management LLC acquired a new position in shares of Barclays in the second quarter valued at approximately $26,000. KCS Wealth Advisory acquired a new position in shares of Barclays in the third quarter valued at approximately $26,000. Lindbrook Capital LLC boosted its holdings in shares of Barclays by 38.6% in the second quarter. Lindbrook Capital LLC now owns 6,464 shares of the financial services provider’s stock valued at $49,000 after buying an additional 1,800 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Barclays by 442.8% in the second quarter. Parallel Advisors LLC now owns 8,332 shares of the financial services provider’s stock valued at $63,000 after buying an additional 6,797 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Barclays by 52.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,487 shares of the financial services provider’s stock valued at $65,000 after buying an additional 2,903 shares during the period. Institutional investors own 2.47% of the company’s stock.

Barclays Company Profile

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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Analyst Recommendations for Barclays (NYSE:BCS)

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