Barclays' (BCS) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Barclays has had its "buy (B)" rating reaffirmed by Weiss Ratings, despite mixed opinions from other analysts, including some downgrades and upgrades.
• The stock traded up 0.2%, reaching $20.48, with a market capitalization of $71.96 billion and a P/E ratio of 9.44.
• Recent institutional investments indicate growing interest in Barclays, with over 3% of the company's stock now owned by institutional investors.

Barclays (NYSE:BCS)'s stock had its "buy (b)" rating reissued by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

BCS has been the topic of several other research reports. Wall Street Zen lowered shares of Barclays from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Citigroup cut shares of Barclays from a "buy" rating to a "neutral" rating in a report on Friday, July 18th. Morgan Stanley reaffirmed an "overweight" rating on shares of Barclays in a research report on Monday. Zacks Research upgraded shares of Barclays from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Barclays in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy".

Barclays Trading Up 0.2%

Shares of Barclays stock traded up $0.04 during trading hours on Wednesday, hitting $20.48. The company's stock had a trading volume of 4,952,044 shares, compared to its average volume of 15,611,515. The business has a fifty day moving average of $20.27 and a 200 day moving average of $18.09. The company has a market capitalization of $71.96 billion, a PE ratio of 9.44, a P/E/G ratio of 0.42 and a beta of 1.10. Barclays has a 1-year low of $12.05 and a 1-year high of $21.22. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 5.70.

Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.12. The company had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $7.06 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%. As a group, equities analysts forecast that Barclays will post 2 EPS for the current year.

Hedge Funds Weigh In On Barclays

A number of institutional investors have recently added to or reduced their stakes in BCS. Twin Peaks Wealth Advisors LLC purchased a new position in Barclays in the second quarter worth about $27,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Barclays during the 2nd quarter valued at approximately $28,000. Elequin Capital LP bought a new position in Barclays in the 1st quarter valued at $30,000. Wealthquest Corp bought a new position in shares of Barclays during the 1st quarter worth $32,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Barclays during the 1st quarter worth $40,000. Institutional investors own 3.39% of the company's stock.

About Barclays

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.

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