Barclays PLC (NYSE:BCS) shares gapped down before the market opened on Tuesday . The stock had previously closed at $8.30, but opened at $8.35. Barclays PLC shares last traded at $8.45, with a volume of 4,522,031 shares.

Several research firms have issued reports on BCS. Zacks Investment Research downgraded Barclays PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Shore Capital reissued a “buy” rating on shares of Barclays PLC in a research note on Monday, August 1st. JPMorgan Chase & Co. downgraded Barclays PLC from an “overweight” rating to a “neutral” rating in a research note on Monday, June 27th. Bank of America Corp. downgraded Barclays PLC from a “buy” rating to a “neutral” rating in a research note on Monday, June 27th. Finally, BNP Paribas raised Barclays PLC from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Barclays PLC presently has a consensus rating of “Hold” and a consensus target price of $46.91.

The stock’s market capitalization is $29.32 billion. The stock has a 50 day moving average price of $8.10 and a 200 day moving average price of $9.21.

The business also recently disclosed a dividend, which will be paid on Monday, September 19th. Stockholders of record on Friday, August 12th will be given a dividend of $0.052 per share. The ex-dividend date is Wednesday, August 10th.

A hedge fund recently bought a new stake in Barclays PLC stock. Airain ltd acquired a new position in Barclays PLC (NYSE:BCS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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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