Barclays (NYSE:BCS) Reaches New 1-Year High – What’s Next?

Barclays PLC (NYSE:BCS) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.58 and last traded at $23.5290, with a volume of 925343 shares traded. The stock had previously closed at $23.14.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BCS. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research report on Monday, December 1st. Zacks Research cut shares of Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Barclays in a research note on Wednesday, October 8th. Wall Street Zen downgraded Barclays from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Barclays in a research note on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Barclays presently has a consensus rating of “Moderate Buy”.

Barclays Stock Up 1.7%

The stock has a market capitalization of $81.82 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 0.44 and a beta of 1.00. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a fifty day moving average price of $21.33 and a 200 day moving average price of $19.97.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Tuesday, September 30th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $9.21 billion for the quarter. Barclays had a return on equity of 8.19% and a net margin of 21.26%. On average, research analysts forecast that Barclays PLC will post 2 earnings per share for the current year.

Hedge Funds Weigh In On Barclays

Several hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its holdings in Barclays by 1.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 42,600 shares of the financial services provider’s stock worth $881,000 after acquiring an additional 482 shares during the period. AMG National Trust Bank grew its position in shares of Barclays by 0.5% during the 2nd quarter. AMG National Trust Bank now owns 105,707 shares of the financial services provider’s stock valued at $1,965,000 after purchasing an additional 561 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Barclays by 3.0% during the 3rd quarter. Parallel Advisors LLC now owns 19,183 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 563 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Barclays by 1.1% in the second quarter. Fifth Third Bancorp now owns 56,035 shares of the financial services provider’s stock worth $1,042,000 after purchasing an additional 599 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of Barclays by 0.4% in the third quarter. Quadrant Capital Group LLC now owns 152,351 shares of the financial services provider’s stock worth $3,149,000 after buying an additional 633 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.