Barclays PLC (NYSE:BCS) Receives Consensus Rating of "Buy" from Analysts

Shares of Barclays PLC (NYSE:BCS) have received an average rating of "Buy" from the four brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation.

Several equities research analysts have recently issued reports on BCS shares. Citigroup lowered Barclays from a "buy" rating to a "neutral" rating in a research report on Friday. Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research note on Wednesday. Finally, Wall Street Zen downgraded Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th.

Institutional Trading of Barclays

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Barclays by 15.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 308,721 shares of the financial services provider's stock worth $4,103,000 after purchasing an additional 40,437 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Barclays by 36.8% in the fourth quarter. Farther Finance Advisors LLC now owns 3,762 shares of the financial services provider's stock worth $50,000 after acquiring an additional 1,011 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Barclays by 3.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 29,814 shares of the financial services provider's stock valued at $396,000 after purchasing an additional 1,103 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Barclays by 9.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 65,593 shares of the financial services provider's stock valued at $872,000 after purchasing an additional 5,781 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in Barclays by 1.8% in the fourth quarter. Corient Private Wealth LLC now owns 62,696 shares of the financial services provider's stock valued at $833,000 after acquiring an additional 1,105 shares during the period. Institutional investors own 3.39% of the company's stock.

Barclays Trading Down 0.8%

Shares of Barclays stock traded down $0.16 on Friday, reaching $18.86. 836,151 shares of the company's stock were exchanged, compared to its average volume of 15,251,419. The company has a market capitalization of $66.75 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.45 and a beta of 1.10. Barclays has a 52 week low of $10.23 and a 52 week high of $19.04. The firm's 50-day moving average is $17.91 and its two-hundred day moving average is $15.93. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.39 and a current ratio of 1.39.

Barclays (NYSE:BCS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.04. Barclays had a return on equity of 8.04% and a net margin of 21.27%. The company had revenue of $10.32 billion for the quarter, compared to analysts' expectations of $8.37 billion. Sell-side analysts predict that Barclays will post 2 EPS for the current fiscal year.

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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