Barclays PLC (NYSE:BCS) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Barclays PLC has received a consensus rating of "Moderate Buy" from five analysts, with one hold rating and four buy ratings.
• The company reported a quarterly EPS of $0.62, surpassing analysts' expectations and achieving a revenue of $9.58 billion for the quarter.
• Barclays declared a semi-annual dividend of $0.1557 per share, resulting in a dividend yield of 210.0% and a payout ratio of 14.75%.

Shares of Barclays PLC (NYSE:BCS) have received a consensus recommendation of "Moderate Buy" from the five brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company.

A number of equities research analysts recently issued reports on BCS shares. Morgan Stanley reissued an "overweight" rating on shares of Barclays in a research report on Tuesday, September 2nd. Wall Street Zen raised Barclays from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Citigroup downgraded shares of Barclays from a "buy" rating to a "neutral" rating in a report on Friday, July 18th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research note on Wednesday, July 16th.

Barclays Stock Performance

Shares of NYSE:BCS opened at $20.67 on Wednesday. The company has a market capitalization of $72.63 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 0.43 and a beta of 1.14. The firm's 50 day simple moving average is $20.16 and its 200 day simple moving average is $17.93. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.38 and a quick ratio of 1.38. Barclays has a fifty-two week low of $11.48 and a fifty-two week high of $21.22.

Barclays (NYSE:BCS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 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 analyst estimates of $7.06 billion. Barclays had a return on equity of 8.49% and a net margin of 22.11%. As a group, sell-side analysts forecast that Barclays will post 2 earnings per share for the current year.

Barclays Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th were given a dividend of $0.1557 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a dividend yield of 210.0%. Barclays's payout ratio is 14.75%.

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 acquired a new position in Barclays during the second quarter worth $27,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Barclays during the 2nd quarter worth about $28,000. Financial Management Professionals Inc. acquired a new position in shares of Barclays during the 1st quarter worth about $29,000. Elequin Capital LP acquired a new position in shares of Barclays during the 1st quarter worth about $30,000. Finally, Wealthquest Corp acquired a new position in Barclays during the first quarter worth approximately $32,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

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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