Barclays PLC (NYSE:BCS) Given Consensus Rating of “Buy” by Brokerages

Shares of Barclays PLC (NYSE:BCS) have been given an average recommendation of “Buy” by the six brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

BCS has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research note on Thursday, October 23rd. Zacks Research upgraded shares of Barclays from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Wall Street Zen cut shares of Barclays from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Barclays in a research report on Wednesday, October 8th.

Barclays Price Performance

Shares of NYSE BCS opened at $21.56 on Friday. Barclays has a fifty-two week low of $12.14 and a fifty-two week high of $21.59. The firm’s 50-day simple moving average is $20.37 and its 200 day simple moving average is $18.71. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 5.94. The stock has a market cap of $75.42 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.41 and a beta of 1.10.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Barclays had a net margin of 21.26% and a return on equity of 8.19%. The business had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $6.95 billion. Equities analysts expect that Barclays will post 2 EPS for the current year.

Institutional Investors Weigh In On Barclays

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Evergreen Capital Management LLC raised its position in Barclays by 68.1% in the third quarter. Evergreen Capital Management LLC now owns 41,217 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 16,699 shares in the last quarter. Ritholtz Wealth Management raised its position in Barclays by 8.8% in the third quarter. Ritholtz Wealth Management now owns 229,947 shares of the financial services provider’s stock worth $4,753,000 after acquiring an additional 18,514 shares in the last quarter. Eagle Global Advisors LLC purchased a new position in Barclays in the 3rd quarter worth about $3,049,000. First Horizon Corp purchased a new position in Barclays in the 3rd quarter worth about $40,000. Finally, Bayforest Capital Ltd purchased a new position in Barclays in the 3rd quarter worth about $84,000. 3.39% of the stock is currently owned by institutional investors.

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.