Barclays (NYSE:BCS) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Barclays (NYSE:BCS) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

Separately, Deutsche Bank Aktiengesellschaft began coverage on Barclays in a research note on Thursday, May 9th. They set a buy rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Barclays has an average rating of Hold and an average price target of $190.00.

Barclays Stock Up 2.7 %

BCS opened at $11.18 on Monday. The business has a 50 day moving average price of $10.79 and a two-hundred day moving average price of $9.23. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 6.15. The company has a market cap of $42.18 billion, a PE ratio of 8.34, a P/E/G ratio of 0.39 and a beta of 1.44. Barclays has a 52 week low of $6.23 and a 52 week high of $11.42.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. The firm had revenue of $8.82 billion during the quarter. Barclays had a return on equity of 6.13% and a net margin of 17.21%. As a group, research analysts anticipate that Barclays will post 1.6 EPS for the current year.

Hedge Funds Weigh In On Barclays

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in shares of Barclays by 71.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,524 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Barclays in the 4th quarter worth approximately $34,000. GAMMA Investing LLC grew its holdings in shares of Barclays by 51.7% in the 1st quarter. GAMMA Investing LLC now owns 4,411 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 1,503 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Barclays in the 1st quarter worth approximately $48,000. Finally, Private Trust Co. NA grew its holdings in shares of Barclays by 58.5% in the 4th quarter. Private Trust Co. NA now owns 5,421 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 2,000 shares during the period. 3.39% of the stock is owned by hedge funds and other institutional investors.

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.