Barclays PLC (NYSE:BCS) Receives Average Rating of “Moderate Buy” from Analysts

Barclays PLC (NYSE:BCS) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Barclays in a research report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Thursday, October 23rd. Wall Street Zen lowered shares of Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Citigroup restated a “neutral” rating on shares of Barclays in a research report on Monday, December 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a report on Monday, November 24th.

Institutional Investors Weigh In On Barclays

A number of institutional investors and hedge funds have recently modified their holdings of BCS. Twin Peaks Wealth Advisors LLC bought a new stake in Barclays during the 2nd quarter worth approximately $27,000. Mather Group LLC. bought a new position in shares of Barclays in the third quarter worth $30,000. Salomon & Ludwin LLC raised its position in shares of Barclays by 2,673.6% in the third quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider’s stock worth $31,000 after buying an additional 1,417 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in Barclays during the second quarter valued at $28,000. Finally, True Wealth Design LLC purchased a new position in Barclays during the third quarter worth about $31,000. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Price Performance

Shares of NYSE BCS opened at $25.15 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 5.94. The stock has a fifty day simple moving average of $21.96 and a two-hundred day simple moving average of $20.34. Barclays has a 1-year low of $12.14 and a 1-year high of $25.26. The firm has a market cap of $87.43 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 0.48 and a beta of 1.00.

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

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.