Barclays PLC (BCS) Trading Up 2.5%
Barclays PLC (NYSE:BCS) shares were up 2.5% during mid-day trading on Tuesday . The company traded as high as $8.93 and last traded at $8.92, with a volume of 3,941,802 shares changing hands. The stock had previously closed at $8.70.
A number of research analysts have recently issued reports on BCS shares. Exane BNP Paribas upgraded shares of Barclays PLC from a “neutral” rating to an “outperform” rating in a research note on Monday, August 8th. Deutsche Bank AG reiterated a “hold” rating on shares of Barclays PLC in a research note on Sunday, June 26th. Goldman Sachs Group Inc. cut shares of Barclays PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Jefferies Group cut shares of Barclays PLC from a “buy” rating to an “underperform” rating and set a $115.00 target price for the company. in a research note on Monday, June 27th. Finally, Zacks Investment Research upgraded shares of Barclays PLC from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Barclays PLC has an average rating of “Hold” and a consensus target price of $46.91.
The firm has a 50-day moving average price of $8.22 and a 200 day moving average price of $9.06. The company’s market capitalization is $30.84 billion.
The business also recently disclosed 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 increased 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. The firm 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 filing with the SEC.
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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