Shares of Barclays PLC (NYSE:BCS) gapped up prior to trading on Tuesday . The stock had previously closed at $8.32, but opened at $8.48. Barclays PLC shares last traded at $8.68, with a volume of 5,164,101 shares.

BCS has been the subject of a number of recent research reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Barclays PLC in a research note on Thursday, May 19th. 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 research report on Tuesday, May 3rd. Shore Capital reissued a “buy” rating on shares of Barclays PLC in a research report on Monday, August 1st. Deutsche Bank AG reissued a “hold” rating on shares of Barclays PLC in a research report on Thursday, May 26th. Finally, Investec downgraded Barclays PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $46.91.

The firm’s market cap is $30.01 billion. The firm has a 50 day moving average of $8.05 and a 200 day moving average of $9.08.

The firm also recently announced a dividend, which will be paid on Monday, September 19th. Investors of record on Friday, August 12th will be paid a $0.052 dividend. The ex-dividend date is Wednesday, August 10th.

A hedge fund recently raised its stake in Barclays PLC stock. BNP Paribas Arbitrage SA raised its stake in shares of Barclays PLC (NYSE:BCS) by 584.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 338,471 shares of the financial services provider’s stock after buying an additional 288,987 shares during the period. BNP Paribas Arbitrage SA’s holdings in Barclays PLC were worth $4,387,000 as of its most recent SEC filing.

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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