Barclays (NYSE:BCS) Downgraded by Morgan Stanley to Equal

Barclays (NYSE:BCS) was downgraded by equities researchers at Morgan Stanley from an “overweight” rating to an “equal” rating in a research note issued on Wednesday, January 10th, MarketBeat reports.

Several other research firms have also commented on BCS. Zacks Investment Research upgraded shares of Barclays from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Investec lowered shares of Barclays from a “buy” rating to a “hold” rating in a report on Friday, December 15th. ValuEngine raised shares of Barclays from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. UBS Group reaffirmed a “buy” rating on shares of Barclays in a research note on Monday, December 11th. Finally, Goldman Sachs Group reaffirmed a “sell” rating on shares of Barclays in a research note on Tuesday, December 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $11.25.

Shares of Barclays (NYSE BCS) traded up $0.08 during midday trading on Wednesday, hitting $10.60. 3,304,836 shares of the company’s stock traded hands, compared to its average volume of 3,047,363. Barclays has a 52 week low of $9.29 and a 52 week high of $12.02. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 3.78. The stock has a market cap of $46,744.40, a price-to-earnings ratio of -87.67, a P/E/G ratio of 0.57 and a beta of 0.89.

Several institutional investors have recently added to or reduced their stakes in BCS. Park National Corp OH bought a new position in Barclays during the third quarter worth $109,000. HPM Partners LLC increased its position in Barclays by 1.8% in the second quarter. HPM Partners LLC now owns 11,545 shares of the financial services provider’s stock worth $122,000 after buying an additional 203 shares during the period. Well Done LLC acquired a new stake in Barclays in the third quarter worth $130,000. ACG Wealth acquired a new stake in Barclays in the third quarter worth $130,000. Finally, Claraphi Advisory Network LLC acquired a new stake in Barclays in the fourth quarter worth $130,000. Institutional investors own 2.51% of the company’s stock.

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Barclays Company Profile

Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.

Analyst Recommendations for Barclays (NYSE:BCS)

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