Shares of Barclays PLC (NYSE:BCS) have been given an average rating of “Hold” by the six ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company.
Several equities research analysts have recently weighed in on BCS shares. Bank of America raised shares of Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 18th. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.
Hedge funds have recently bought and sold shares of the stock. NEXT Financial Group Inc raised its position in Barclays by 24,179.3% during the 2nd quarter. NEXT Financial Group Inc now owns 57,542 shares of the financial services provider’s stock worth $438,000 after buying an additional 57,305 shares during the last quarter. Park National Corp OH raised its position in Barclays by 26.4% during the 2nd quarter. Park National Corp OH now owns 12,830 shares of the financial services provider’s stock worth $98,000 after buying an additional 2,681 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in Barclays by 31.8% during the 1st quarter. ACR Alpine Capital Research LLC now owns 589,139 shares of the financial services provider’s stock worth $4,713,000 after buying an additional 141,975 shares during the last quarter. Clearbridge Investments LLC raised its position in Barclays by 3.3% during the 1st quarter. Clearbridge Investments LLC now owns 546,513 shares of the financial services provider’s stock worth $4,372,000 after buying an additional 17,554 shares during the last quarter. Finally, QCM Cayman Ltd. purchased a new position in Barclays during the 1st quarter worth approximately $31,000. 2.57% of the stock is currently owned by institutional investors.
Shares of BCS traded down $0.03 during midday trading on Tuesday, hitting $7.77. The stock had a trading volume of 1,356,861 shares, compared to its average volume of 1,593,944. Barclays has a 1 year low of $7.07 and a 1 year high of $10.48. The stock has a market capitalization of $33.24 billion, a price-to-earnings ratio of 6.70, a PEG ratio of 2.90 and a beta of 0.91. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 5.01. The company’s 50 day moving average is $7.66.
Barclays (NYSE:BCS) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Barclays had a net margin of 15.73% and a return on equity of 5.51%. The business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.97 billion. As a group, sell-side analysts predict that Barclays will post 1.16 earnings per share for the current year.
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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