Barclays PLC (NYSE:BCS) gapped down prior to trading on Wednesday . The stock had previously closed at $8.65, but opened at $8.68. Barclays PLC shares last traded at $8.83, with a volume of 4,039,124 shares.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of 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. Shore Capital reaffirmed a “buy” rating on shares of Barclays PLC in a report on Monday, August 1st. Deutsche Bank AG reaffirmed a “hold” rating on shares of Barclays PLC in a report on Thursday, May 26th. Exane BNP Paribas raised shares of Barclays PLC from an “underperform” rating to a “neutral” rating in a report on Friday, May 13th. Finally, JPMorgan Chase & Co. downgraded shares of Barclays PLC from an “overweight” rating to a “neutral” rating in a report on Monday, June 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.91.

The firm’s market cap is $30.32 billion. The firm’s 50-day moving average price is $8.10 and its 200 day moving average price is $9.07.

The business also recently announced 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 of this dividend is Wednesday, August 10th.

An institutional investor recently bought a new position in Barclays PLC stock. Airain ltd bought a new position in shares of Barclays PLC (NYSE:BCS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 146,121 shares of the financial services provider’s stock, valued at approximately $1,894,000.

Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.

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