Barclays (NYSE:BCS) Given Buy (B) Rating at Weiss Ratings

Key Points

• Barclays has been given a "buy (B)" rating by Weiss Ratings, indicating positive investor sentiment.
• Other analysts have shown a range of ratings for Barclays, with Zacks Research upgrading it to "strong-buy" while Wall Street Zen downgraded it to "hold."
• The stock's current price is $20.70, with a market capitalization of $72.38 billion and a recent earnings report showing EPS of $0.56, exceeding expectations.

Barclays (NYSE:BCS)'s stock had its "buy (b)" rating reiterated by Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

BCS has been the subject of a number of other research reports. Zacks Research upgraded shares of Barclays from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 29th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a report on Thursday. Citigroup reiterated a "neutral" rating on shares of Barclays in a report on Thursday. Morgan Stanley reiterated an "overweight" rating on shares of Barclays in a report on Monday, October 6th. Finally, Wall Street Zen downgraded shares of Barclays from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Barclays Price Performance

BCS traded up $0.09 during midday trading on Friday, reaching $20.70. 6,808,217 shares of the company's stock were exchanged, compared to its average volume of 15,120,379. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $72.38 billion, a PE ratio of 9.54, a P/E/G ratio of 0.43 and a beta of 1.10. The business's 50-day moving average price is $20.32 and its 200 day moving average price is $18.48. Barclays has a 1-year low of $12.14 and a 1-year high of $21.22.

Barclays (NYSE:BCS - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $6.95 billion. Barclays had a net margin of 21.26% and a return on equity of 8.34%. As a group, equities analysts anticipate that Barclays will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Barclays

Several institutional investors and hedge funds have recently bought and sold shares of BCS. Twin Peaks Wealth Advisors LLC acquired a new position in Barclays during the second quarter worth approximately $27,000. Mark Sheptoff Financial Planning LLC purchased a new stake in Barclays during the second quarter worth approximately $28,000. Elequin Capital LP purchased a new stake in Barclays during the first quarter worth approximately $30,000. Mather Group LLC. purchased a new stake in Barclays during the third quarter worth approximately $30,000. Finally, Salomon & Ludwin LLC grew its stake in Barclays by 2,673.6% during the third quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider's stock worth $31,000 after buying an additional 1,417 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.

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