Barclays (BCS) Given Average Recommendation of “Hold” by Brokerages

Barclays (NYSE:BCS) has been given a consensus rating of “Hold” by the seventeen analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.00.

A number of research analysts have recently commented on BCS shares. JPMorgan Chase reaffirmed a “buy” rating on shares of Barclays in a research report on Thursday, February 1st. Zacks Investment Research raised shares of Barclays from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods lowered shares of Barclays from a “market perform” rating to an “underperform” rating in a research report on Thursday, January 11th. ValuEngine raised shares of Barclays from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Morgan Stanley lowered shares of Barclays from an “overweight” rating to an “equal” rating in a research report on Wednesday, January 10th.

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In related news, major shareholder Plc Barclays sold 4,019 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $11.07, for a total value of $44,490.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 29,630 shares of company stock valued at $301,017 in the last three months. Company insiders own 0.02% of the company’s stock.

Large investors have recently bought and sold shares of the stock. ETRADE Capital Management LLC acquired a new position in Barclays in the fourth quarter worth about $113,000. Jefferies Group LLC acquired a new position in Barclays in the fourth quarter worth about $118,000. Pinnacle Wealth Planning Services Inc. acquired a new position in Barclays in the fourth quarter worth about $122,000. Lake Street Advisors Group LLC acquired a new position in Barclays in the fourth quarter worth about $127,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in Barclays in the fourth quarter worth about $128,000. 2.55% of the stock is owned by hedge funds and other institutional investors.

Shares of BCS opened at $12.22 on Friday. The stock has a market cap of $52,129.80, a PE ratio of 14.72, a P/E/G ratio of 0.36 and a beta of 0.81. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.27 and a quick ratio of 1.27. Barclays has a 52 week low of $9.29 and a 52 week high of $12.55.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.57 billion. Barclays had a negative net margin of 8.62% and a positive return on equity of 3.71%. equities analysts predict that Barclays will post 1.18 EPS for the current year.

The firm also recently declared a special dividend, which was paid on Thursday, April 5th. Investors of record on Friday, March 2nd were given a $0.1115 dividend. The ex-dividend date was Thursday, March 1st. Barclays’s dividend payout ratio (DPR) is presently 26.51%.

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About Barclays

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

Analyst Recommendations for Barclays (NYSE:BCS)

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