Bank of America reiterated their neutral rating on shares of Barclays (NYSE:BCS) in a research note released on Tuesday, June 19th, MarketBeat.com reports.
Other research analysts also recently issued reports about the company. ValuEngine downgraded Barclays from a buy rating to a hold rating in a research note on Friday, April 27th. Jefferies Financial Group upgraded Barclays from a hold rating to a buy rating in a research note on Monday, April 16th. Investec upgraded Barclays from a hold rating to a buy rating in a research note on Thursday, March 29th. BCS upgraded Barclays to a sell rating in a research note on Thursday, March 8th. Finally, Goldman Sachs Group upgraded Barclays from a sell rating to a neutral rating in a research note on Thursday, March 8th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $14.00.
Shares of Barclays opened at $10.03 on Tuesday, Marketbeat reports. The company has a market cap of $43.09 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.33 and a beta of 0.77. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 5.42. Barclays has a 12-month low of $9.29 and a 12-month high of $12.55.
Barclays (NYSE:BCS) last announced its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.07. The company had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.96 billion. Barclays had a positive return on equity of 3.92% and a negative net margin of 13.05%. sell-side analysts expect that Barclays will post 1.16 earnings per share for the current year.
In other Barclays news, major shareholder Plc Barclays sold 62,390 shares of the company’s stock in a transaction that occurred on Thursday, June 28th. The stock was sold at an average price of $5.63, for a total value of $351,255.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.02% of the company’s stock.
A number of hedge funds have recently bought and sold shares of BCS. ETRADE Capital Management LLC bought a new position in Barclays in the 4th quarter worth approximately $113,000. Jefferies Group LLC bought a new position in Barclays in the 4th quarter worth approximately $118,000. Pinnacle Wealth Planning Services Inc. bought a new position in Barclays in the 4th quarter worth approximately $122,000. Lake Street Advisors Group LLC bought a new position in shares of Barclays during the 4th quarter valued at approximately $127,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of Barclays during the 4th quarter valued at approximately $128,000. Institutional investors and hedge funds own 3.11% of the company’s stock.
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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