Barclays PLC (BCS) Stock Price Up 2.5%
Barclays PLC (NYSE:BCS) shares rose 2.5% 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.
BCS has been the topic of a number of recent research reports. BNP Paribas upgraded shares of Barclays PLC from an “underperform” rating to a “neutral” rating in a report on Thursday, May 12th. Exane BNP Paribas upgraded shares of Barclays PLC from an “underperform” rating to a “neutral” rating in a report on Friday, May 13th. JPMorgan Chase & Co. restated a “buy” rating on shares of Barclays PLC in a report on Thursday, May 19th. Investec downgraded shares of Barclays PLC from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Barclays PLC in a report on Thursday, May 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $46.91.
The stock has a 50 day moving average of $8.29 and a 200-day moving average of $9.06. The company’s market cap is $31.50 billion.
The business also recently declared a dividend, which will be paid on Monday, September 19th. Stockholders of record on Friday, August 12th will be issued 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 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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