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

Shares of Barclays PLC (NYSE:BCS) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company.

Several equities research analysts have recently commented on BCS shares. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research note on Thursday, July 2nd. Weiss Ratings cut Barclays from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. Berenberg Bank initiated coverage on Barclays in a report on Wednesday, June 24th. They set a “buy” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research note on Thursday, April 23rd. Finally, Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th.

Barclays Price Performance

Shares of BCS stock opened at $27.42 on Friday. Barclays has a 1 year low of $18.14 and a 1 year high of $28.43. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94. The firm’s 50 day moving average is $24.88 and its 200-day moving average is $24.49. The firm has a market capitalization of $93.46 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.49 and a beta of 1.00.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Barclays had a net margin of 21.10% and a return on equity of 8.12%. The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $10.88 billion. Sell-side analysts forecast that Barclays will post 2.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC lifted its stake in Barclays by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock valued at $2,284,139,000 after buying an additional 3,722,757 shares during the period. Natixis Advisors LLC boosted its stake in Barclays by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 9,886,650 shares of the financial services provider’s stock worth $204,357,000 after acquiring an additional 549,497 shares during the last quarter. Bank of America Corp DE grew its holdings in Barclays by 2.3% during the first quarter. Bank of America Corp DE now owns 8,691,765 shares of the financial services provider’s stock valued at $183,918,000 after purchasing an additional 199,130 shares during the period. Norges Bank bought a new stake in Barclays in the fourth quarter valued at approximately $141,248,000. Finally, Ameriprise Financial Inc. raised its holdings in Barclays by 793.5% in the third quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after purchasing an additional 4,242,360 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.