Shares of Barclays PLC (NYSE:BCS) dropped 2.4% on Wednesday . The company traded as low as $6.85 and last traded at $7.04, with a volume of 20,173,881 shares. The stock had previously closed at $7.21.

BCS has been the subject of a number of analyst reports. Deutsche Bank AG restated a “neutral” rating on shares of Barclays PLC in a report on Monday, March 14th. Keefe, Bruyette & Woods lowered Barclays PLC from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 16th. Nomura Holdings Inc. lowered Barclays PLC from a “buy” rating to a “neutral” rating in a report on Thursday, March 17th. HSBC lowered Barclays PLC from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. Finally, Morgan Stanley restated a “neutral” rating on shares of Barclays PLC in a report on Wednesday, March 30th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $40.18.

The firm has a 50 day moving average of $9.51 and a 200 day moving average of $9.89. The company’s market cap is $36.55 billion.

Other institutional investors have recently modified their holdings of the company. Profund Advisors LLC increased its position in shares of Barclays PLC by 16.7% in the fourth quarter. Profund Advisors LLC now owns 85,734 shares of the financial services provider’s stock worth $1,111,000 after buying an additional 12,276 shares during the last quarter. Stevens Capital Management LP increased its position in shares of Barclays PLC by 439.4% in the fourth quarter. Stevens Capital Management LP now owns 90,626 shares of the financial services provider’s stock worth $1,175,000 after buying an additional 73,824 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Barclays PLC by 229.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 150,548 shares of the financial services provider’s stock worth $1,951,000 after buying an additional 104,919 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Barclays PLC by 46.9% in the fourth quarter. TD Asset Management Inc. now owns 399,796 shares of the financial services provider’s stock worth $5,181,000 after buying an additional 127,654 shares during the last quarter. Finally, NorthCoast Asset Management LLC purchased a new position in shares of Barclays PLC during the fourth quarter worth approximately $2,018,000.

Barclays PLC (Barclays) is a global financial services holding company. The Company operates in five business segments: Personal and Corporate Banking (PCB), Barclaycard, Africa Banking, Investment Bank and Head Office. Barclays Bank PLC is a wholly owned subsidiary of Barclays. The Personal and Corporate Banking (PCB) comprises personal banking, mortgages, wealth & investment management, and corporate banking.

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