Barclays PLC’s (BCS) “Neutral” Rating Reiterated at JPMorgan Chase & Co.
A number of other equities research analysts also recently issued reports on BCS. Zacks Investment Research downgraded Barclays PLC from a buy rating to a hold rating in a research report on Tuesday, June 28th. Shore Capital reiterated a buy rating on shares of Barclays PLC in a research report on Monday, August 1st. BNP Paribas downgraded Barclays PLC from an outperform rating to a neutral rating in a research report on Monday, June 27th. Deutsche Bank AG reiterated a neutral rating on shares of Barclays PLC in a research report on Thursday, June 16th. Finally, Investec upgraded Barclays PLC from a sell rating to a buy rating in a research report on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. Barclays PLC has an average rating of Hold and a consensus price target of $35.71.
Barclays PLC (NYSE:BCS) opened at 8.22 on Monday. The stock has a 50 day moving average price of $8.81 and a 200-day moving average price of $8.96. The firm’s market capitalization is $28.42 billion. Barclays PLC has a 52 week low of $6.76 and a 52 week high of $15.81.
The business also recently disclosed a dividend, which was paid on Monday, September 19th. Shareholders of record on Friday, August 12th were issued a $0.052 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. Barclays PLC’s dividend payout ratio (DPR) is presently -31.25%.
A number of hedge funds have recently modified their holdings of BCS. Raymond James Trust N.A. raised its stake in shares of Barclays PLC by 29.0% in the second quarter. Raymond James Trust N.A. now owns 19,519 shares of the financial services provider’s stock valued at $149,000 after buying an additional 4,393 shares during the period. Orbitronix LP bought a new stake in shares of Barclays PLC during the first quarter valued at approximately $272,000. Natixis bought a new stake in shares of Barclays PLC during the first quarter valued at approximately $480,000. Renaissance Technologies LLC bought a new stake in shares of Barclays PLC during the first quarter valued at approximately $30,217,000. Finally, HBK Investments L P raised its stake in shares of Barclays PLC by 346.8% in the first quarter. HBK Investments L P now owns 357,900 shares of the financial services provider’s stock valued at $3,085,000 after buying an additional 277,800 shares during the period. Institutional investors and hedge funds own 2.95% of the company’s stock.
Barclays PLC Company Profile
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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