Barclays PLC (NYSE:BCS) gapped up prior to trading on Thursday . The stock had previously closed at $8.03, but opened at $8.04. Barclays PLC shares last traded at $8.10, with a volume of 4,644,750 shares traded.

Several research analysts have commented on BCS shares. Deutsche Bank AG reaffirmed a “hold” rating on shares of Barclays PLC in a research report on Sunday, June 26th. Keefe, Bruyette & Woods downgraded Barclays PLC from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 24th. Goldman Sachs Group Inc. downgraded Barclays PLC from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Morgan Stanley reaffirmed a “neutral” rating on shares of Barclays PLC in a research report on Wednesday, March 30th. Finally, Zacks Investment Research downgraded Barclays PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.18.

The company has a 50-day moving average price of $8.78 and a 200-day moving average price of $9.56. The firm’s market cap is $40.08 billion.

Other hedge funds have added to or reduced their stakes in the company. Stevens Capital Management LP boosted its stake 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. Airain ltd purchased a new position in shares of Barclays PLC during the fourth quarter worth $1,894,000. BNP Paribas Arbitrage SA raised its position in shares of 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 period. Finally, TD Asset Management Inc. raised 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 period.

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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