Barclays (NYSE:BCS) Rating Lowered to “Buy” at StockNews.com

Barclays (NYSE:BCS) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group began coverage on Barclays in a research report on Tuesday, October 8th. They set a “buy” rating on the stock. Kepler Capital Markets began coverage on shares of Barclays in a report on Thursday, September 5th. They set a “buy” rating on the stock.

Barclays Price Performance

Shares of NYSE:BCS opened at $12.97 on Friday. The firm has a market capitalization of $46.97 billion, a PE ratio of 8.82 and a beta of 1.41. The company has a 50-day moving average price of $12.57 and a two-hundred day moving average price of $11.76. Barclays has a twelve month low of $7.02 and a twelve month high of $13.57. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The company had revenue of $8.52 billion during the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. During the same period in the prior year, the business posted $0.42 EPS. Equities analysts forecast that Barclays will post 1.71 EPS for the current year.

Institutional Trading of Barclays

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC purchased a new position in Barclays in the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Barclays by 71.8% in the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,524 shares during the last quarter. Symphony Financial Ltd. Co. bought a new stake in Barclays during the third quarter worth approximately $42,000. EntryPoint Capital LLC bought a new position in shares of Barclays in the first quarter worth about $48,000. Finally, Hexagon Capital Partners LLC boosted its stake in Barclays by 32.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,132 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Company Profile

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