Barclays PLC (NYSE:BCS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Barclays PLC (NYSE:BCS) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $228.57.

BCS has been the topic of several analyst reports. Royal Bank of Canada upped their price target on shares of Barclays from GBX 170 ($2.07) to GBX 180 ($2.19) and gave the stock a “sector perform” rating in a research report on Friday, October 28th. StockNews.com downgraded shares of Barclays from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. BNP Paribas upgraded shares of Barclays from a “neutral” rating to an “outperform” rating in a report on Wednesday, December 14th. Exane BNP Paribas upgraded shares of Barclays from a “neutral” rating to an “outperform” rating in a report on Wednesday, December 14th. Finally, Credit Suisse Group upped their price objective on shares of Barclays from GBX 240 ($2.92) to GBX 250 ($3.05) and gave the company an “outperform” rating in a report on Friday, October 28th.

Hedge Funds Weigh In On Barclays

Several institutional investors and hedge funds have recently modified their holdings of BCS. JPMorgan Chase & Co. grew its stake in shares of Barclays by 1,934.9% in the first quarter. JPMorgan Chase & Co. now owns 168,265 shares of the financial services provider’s stock valued at $1,330,000 after acquiring an additional 159,996 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Barclays by 8.2% during the first quarter. Bank of New York Mellon Corp now owns 2,299,509 shares of the financial services provider’s stock worth $18,166,000 after purchasing an additional 175,029 shares during the period. Private Advisor Group LLC lifted its position in Barclays by 33.8% during the first quarter. Private Advisor Group LLC now owns 22,110 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 5,580 shares during the period. Citigroup Inc. lifted its position in Barclays by 1,026.8% during the first quarter. Citigroup Inc. now owns 265,893 shares of the financial services provider’s stock worth $2,101,000 after purchasing an additional 242,296 shares during the period. Finally, Raymond James Trust N.A. lifted its position in Barclays by 171.3% during the first quarter. Raymond James Trust N.A. now owns 29,371 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 18,545 shares during the period. 3.32% of the stock is currently owned by institutional investors and hedge funds.

Barclays Stock Performance

NYSE BCS opened at $8.49 on Wednesday. The firm’s fifty day moving average price is $7.72 and its two-hundred day moving average price is $7.55. Barclays has a 1 year low of $5.89 and a 1 year high of $12.20. The firm has a market capitalization of $35.49 billion, a P/E ratio of 5.66 and a beta of 1.31.

Barclays (NYSE:BCSGet Rating) last posted its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.10. Barclays had a net margin of 20.91% and a return on equity of 6.93%. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.35 billion. On average, research analysts anticipate that Barclays will post 1.75 EPS for the current fiscal year.

About Barclays

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Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Analyst Recommendations for Barclays (NYSE:BCS)

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