Barclays PLC (NYSE:BCS) shot up 4.5% during trading on Monday . The company traded as high as $7.70 and last traded at $7.65, with a volume of 9,691,773 shares traded. The stock had previously closed at $7.32.

A number of brokerages recently commented on BCS. Deutsche Bank AG restated a “hold” rating on shares of Barclays PLC in a report on Monday, April 11th. Zacks Investment Research upgraded shares of Barclays PLC from a “sell” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Tuesday, May 3rd. BNP Paribas upgraded shares of Barclays PLC from a “neutral” rating to an “outperform” rating in a report on Thursday, May 26th. Keefe, Bruyette & Woods lowered shares of Barclays PLC from an “outperform” rating to a “market perform” rating in a report on Thursday, March 24th. Finally, Nomura Holdings Inc. lowered shares of Barclays PLC from a “buy” rating to a “neutral” rating in a report on Thursday, March 17th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.18.

The company’s 50-day moving average price is $9.29 and its 200 day moving average price is $9.74. The stock’s market capitalization is $39.03 billion.

Several hedge funds and institutional investors recently added to or reduced their stakes in the stock. TD Asset Management Inc. increased its position in 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. Commerzbank Aktiengesellschaft FI increased its position in 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. Profund Advisors LLC increased its position in 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 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. Finally, BNP Paribas Arbitrage SA increased its position in Barclays PLC by 584.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 338,471 shares of the financial services provider’s stock worth $4,387,000 after buying an additional 288,987 shares during the last quarter.

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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