Barclays PLC (NYSE:BCS) shares saw strong trading volume on Wednesday . 4,756,707 shares were traded during trading, a decline of 2% from the previous session’s volume of 4,842,417 shares.The stock last traded at $9.06 and had previously closed at $8.92.

Several research analysts have recently weighed in on the company. Citigroup Inc. reaffirmed a “sell” rating on shares of Barclays PLC in a research note on Wednesday. Zacks Investment Research raised Barclays PLC from a “sell” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, May 3rd. Shore Capital reaffirmed a “buy” rating on shares of Barclays PLC in a research note on Monday, August 1st. Exane BNP Paribas raised Barclays PLC from an “underperform” rating to a “neutral” rating in a research note on Friday, May 13th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Barclays PLC in a research report on Thursday, May 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $46.91.

The stock has a 50-day moving average of $8.28 and a 200-day moving average of $9.06. The stock’s market cap is $31.50 billion.

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

An institutional investor recently raised its position in Barclays PLC stock. BNP Paribas Arbitrage SA boosted its stake in Barclays PLC (NYSE:BCS) by 584.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund 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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