Barclays PLC (NYSE:BCS) was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday. The brokerage currently has a $8.22 price objective on the financial services provider’s stock.
Several other equities research analysts also recently weighed in on BCS. Shore Capital reissued a “buy” rating on shares of Barclays PLC in a report on Monday, August 1st. Investec raised Barclays PLC from a “sell” rating to a “buy” rating in a report on Thursday, August 25th. HSBC raised Barclays PLC from a “hold” rating to a “buy” rating and increased their price objective for the company from $6.76 to $8.62 in a report on Wednesday, September 21st. Deutsche Bank AG reissued a “hold” rating on shares of Barclays PLC in a report on Sunday, June 26th. Finally, Zacks Investment Research downgraded Barclays PLC from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Barclays PLC has a consensus rating of “Hold” and a consensus price target of $35.71.
Shares of Barclays PLC (NYSE:BCS) opened at 8.22 on Tuesday. Barclays PLC has a one year low of $6.76 and a one year high of $15.81. The company has a 50-day moving average of $8.81 and a 200 day moving average of $8.96. The stock’s market cap is $28.42 billion.
The business also recently disclosed a dividend, which was paid on Monday, September 19th. Investors of record on Friday, August 12th were paid a dividend of $0.052 per share. The ex-dividend date was Wednesday, August 10th. Barclays PLC’s payout ratio is currently -31.25%.
Several hedge funds have recently bought and sold shares of the stock. VNBTrust National Association raised its stake in Barclays PLC by 0.6% in the third quarter. VNBTrust National Association now owns 11,671 shares of the financial services provider’s stock worth $101,000 after buying an additional 70 shares during the last quarter. Green Square Capital LLC bought a new stake in Barclays PLC during the second quarter worth approximately $102,000. First Allied Advisory Services Inc. bought a new stake in Barclays PLC during the second quarter worth approximately $110,000. Cypress Wealth Advisors LLC bought a new stake in Barclays PLC during the second quarter worth approximately $113,000. Finally, Fox Run Management L.L.C. bought a new stake in Barclays PLC during the third quarter worth approximately $124,000. 2.95% of the stock is currently owned by institutional investors and hedge funds.
About Barclays PLC
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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