Vetr downgraded shares of Barclays PLC (NYSE:BCS) from a strong-buy rating to a sell rating in a research report sent to investors on Monday. They currently have $8.22 price objective on the financial services provider’s stock.
Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered Barclays PLC from a strong-buy rating to a hold rating in a research report on Wednesday, September 21st. HSBC upgraded Barclays PLC from a hold rating to a buy rating and upped their price target for the company from $6.76 to $8.62 in a research report on Wednesday, September 21st. Deutsche Bank AG restated a hold rating on shares of Barclays PLC in a research report on Friday, September 16th. Citigroup Inc. restated a sell rating on shares of Barclays PLC in a research report on Wednesday, August 31st. Finally, Investec upgraded Barclays PLC from a sell rating to a buy rating in a research report on Thursday, August 25th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $35.71.
Shares of Barclays PLC (NYSE:BCS) opened at 8.80 on Monday. The firm’s 50-day moving average price is $8.81 and its 200-day moving average price is $8.98. The company’s market capitalization is $30.42 billion. Barclays PLC has a 12 month low of $6.76 and a 12 month high of $15.83.
The business also recently disclosed a dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were paid a $0.052 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. Barclays PLC’s payout ratio is currently -31.25%.
Hedge funds have recently made changes to their positions in the stock. Green Square Capital LLC bought a new stake in shares of Barclays PLC during the second quarter valued at about $102,000. Berkeley Capital Partners LLC boosted its stake in shares of Barclays PLC by 13.4% in the first quarter. Berkeley Capital Partners LLC now owns 13,533 shares of the financial services provider’s stock valued at $117,000 after buying an additional 1,595 shares during the last quarter. Banced Corp bought a new stake in shares of Barclays PLC during the second quarter valued at about $203,000. First Allied Advisory Services Inc. bought a new stake in shares of Barclays PLC during the second quarter valued at about $110,000. Finally, Cypress Wealth Advisors LLC bought a new stake in shares of Barclays PLC during the second quarter valued at about $113,000. Institutional investors and hedge funds own 2.95% of the company’s stock.
Barclays PLC Company Profile
Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.
To view Vetr’s full report, visit Vetr’s official website.
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