Barclays PLC (NYSE:BCS) rose 5.2% on Friday . The company traded as high as $8.45 and last traded at $8.25, with a volume of 11,316,774 shares. The stock had previously closed at $7.84.

BCS has been the topic of a number of recent research reports. Deutsche Bank AG reiterated a “hold” rating on shares of Barclays PLC in a research note on Monday, April 11th. Zacks Investment Research raised Barclays PLC from a “sell” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, May 3rd. BNP Paribas raised Barclays PLC from an “underperform” rating to a “neutral” rating in a report on Thursday, May 12th. Exane BNP Paribas raised Barclays PLC from an “underperform” rating to a “neutral” rating in a report on Friday, May 13th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Barclays PLC in a report on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $40.18.

The stock’s market cap is $40.97 billion. The company’s 50 day moving average is $8.42 and its 200-day moving average is $9.40.

A hedge fund recently bought a new stake in Barclays PLC stock. Airain ltd bought a new stake in Barclays PLC (NYSE:BCS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 146,121 shares of the financial services provider’s stock, valued at approximately $1,894,000.

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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