December 6, 2023

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

Shares of Barclays PLC (NYSE:BCS) have been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $228.57.

BCS has been the subject of several research reports. BNP Paribas raised Barclays from a “neutral” rating to an “outperform” rating in a research note on Wednesday. Credit Suisse Group raised their target price on Barclays from GBX 240 ($2.94) to GBX 250 ($3.07) and gave the company an “outperform” rating in a research note on Friday, October 28th. StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a research note on Thursday, December 8th. Royal Bank of Canada raised their target price on Barclays from GBX 170 ($2.09) to GBX 180 ($2.21) and gave the company a “sector perform” rating in a research note on Friday, October 28th. Finally, JPMorgan Chase & Co. upgraded Barclays from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 6th.

Institutional Investors Weigh In On Barclays

A number of institutional investors have recently bought and sold shares of the business. Bridgefront Capital LLC boosted its position in Barclays by 65.5% during the 3rd quarter. Bridgefront Capital LLC now owns 19,130 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 7,568 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Barclays during the 3rd quarter worth about $9,335,000. Advisory Research Inc. raised its stake in shares of Barclays by 105.9% during the 3rd quarter. Advisory Research Inc. now owns 30,612 shares of the financial services provider’s stock worth $196,000 after purchasing an additional 15,748 shares in the last quarter. Balyasny Asset Management LLC raised its stake in shares of Barclays by 268.6% during the 3rd quarter. Balyasny Asset Management LLC now owns 3,822,683 shares of the financial services provider’s stock worth $24,465,000 after purchasing an additional 2,785,466 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC raised its stake in shares of Barclays by 242.3% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 50,537 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 35,773 shares in the last quarter. 3.47% of the stock is currently owned by institutional investors and hedge funds.

Barclays Price Performance

Shares of BCS opened at $7.61 on Friday. The firm has a market capitalization of $31.81 billion, a price-to-earnings ratio of 5.07 and a beta of 1.34. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.39 and a current ratio of 1.40. Barclays has a one year low of $5.89 and a one year high of $12.20. The stock’s fifty day moving average is $7.28 and its 200-day moving average is $7.58.

Barclays (NYSE:BCS – Get Rating) last issued its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.10. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.35 billion. Barclays had a return on equity of 6.93% and a net margin of 20.91%. Equities analysts anticipate that Barclays will post 1.75 EPS for the current year.

Barclays Company Profile

(Get Rating)

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

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Analyst Recommendations for Barclays (NYSE:BCS)

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