Barclays PLC (BCS) Downgraded by Vetr Inc.

Barclays PLC (NYSE:BCS) was downgraded by investment analysts at Vetr from a “sell” rating to a “strong sell” rating in a note issued to investors on Wednesday. They currently have a $8.22 price objective on the financial services provider’s stock. Vetr‘s price objective suggests a potential downside of 14.38% from the company’s previous close.

Other analysts have also issued research reports about the company. Shore Capital reiterated a “buy” rating on shares of Barclays PLC in a research note on Monday, August 1st. Zacks Investment Research upgraded Barclays PLC from a “sell” rating to a “hold” rating in a research note on Friday, August 26th. Investec upgraded Barclays PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, October 19th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Barclays PLC in a research note on Thursday, October 20th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Barclays PLC in a research note on Thursday, November 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $35.71.

Analyst Recommendations for Barclays PLC (NYSE:BCS)

Barclays PLC (NYSE:BCS) traded up 4.35% during trading on Wednesday, hitting $9.60. The stock had a trading volume of 10,603,559 shares. The stock’s 50-day moving average is $8.80 and its 200-day moving average is $8.95. The stock’s market capitalization is $57.23 billion. Barclays PLC has a 52-week low of $6.76 and a 52-week high of $14.13.

A number of large investors have recently modified their holdings of the company. Checchi Capital Advisers LLC boosted its position in shares of Barclays PLC by 5.6% in the second quarter. Checchi Capital Advisers LLC now owns 20,494 shares of the financial services provider’s stock valued at $156,000 after buying an additional 1,088 shares during the last quarter. Bollard Group LLC boosted its position in shares of Barclays PLC by 2.0% in the second quarter. Bollard Group LLC now owns 92,875 shares of the financial services provider’s stock valued at $706,000 after buying an additional 1,834 shares during the last quarter. Visionary Asset Management Inc. purchased a new position in shares of Barclays PLC during the second quarter valued at about $270,000. Private Bank & Trust Co. boosted its position in shares of Barclays PLC by 28.1% in the second quarter. Private Bank & Trust Co. now owns 27,637 shares of the financial services provider’s stock valued at $210,000 after buying an additional 6,070 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Barclays PLC by 7.5% in the second quarter. Fisher Asset Management LLC now owns 23,244,449 shares of the financial services provider’s stock valued at $178,285,000 after buying an additional 1,630,534 shares during the last quarter. 2.71% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:BCS

To view Vetr’s full report, visit Vetr’s official website.

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