Barclays’ (NYSE:BCS) Buy Rating Reaffirmed at J P Morgan Chase & Co

Barclays (NYSE:BCS)‘s stock had its “buy” rating reissued by equities researchers at J P Morgan Chase & Co in a note issued to investors on Monday, November 20th.

Several other analysts have also recently commented on BCS. Goldman Sachs Group restated a “sell” rating on shares of Barclays in a research note on Friday, August 11th. Deutsche Bank reiterated a “buy” rating on shares of Barclays in a report on Monday, August 14th. BidaskClub downgraded shares of Barclays from a “hold” rating to a “sell” rating in a report on Monday, August 14th. ValuEngine downgraded shares of Barclays from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Barclays from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $11.25.

Shares of Barclays (NYSE:BCS) traded down $0.17 during trading on Monday, hitting $10.21. 2,217,204 shares of the stock traded hands, compared to its average volume of 2,986,958. The firm has a market cap of $43,715.34, a PE ratio of 14.87, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95. The company has a debt-to-equity ratio of 3.78, a quick ratio of 1.19 and a current ratio of 1.21. Barclays has a fifty-two week low of $9.29 and a fifty-two week high of $12.05.

A number of hedge funds have recently made changes to their positions in BCS. Fox Run Management L.L.C. acquired a new position in Barclays during the second quarter valued at approximately $110,000. Aperio Group LLC raised its stake in shares of Barclays by 8.9% during the second quarter. Aperio Group LLC now owns 989,055 shares of the financial services provider’s stock valued at $10,474,000 after purchasing an additional 80,806 shares during the period. BB&T Corp raised its stake in shares of Barclays by 15.2% during the second quarter. BB&T Corp now owns 99,351 shares of the financial services provider’s stock valued at $1,052,000 after purchasing an additional 13,110 shares during the period. Private Bank & Trust Co. raised its stake in shares of Barclays by 18.1% during the second quarter. Private Bank & Trust Co. now owns 20,149 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 3,093 shares during the period. Finally, Bellecapital International Ltd. increased its stake in shares of Barclays by 10.2% in the second quarter. Bellecapital International Ltd. now owns 22,347 shares of the financial services provider’s stock worth $237,000 after buying an additional 2,072 shares during the last quarter. 2.48% of the stock is currently owned by hedge funds and other institutional investors.

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