JPMorgan Chase & Co. Reiterates “Overweight” Rating for Barclays (NYSE:BCS)

Barclays (NYSE:BCS)‘s stock had its “overweight” rating restated by analysts at JPMorgan Chase & Co. in a report issued on Tuesday, The Fly reports.

BCS has been the subject of several other reports. Exane BNP Paribas raised shares of Barclays from a “neutral” rating to an “outperform” rating in a research report on Monday, January 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Barclays in a report on Friday. Berenberg Bank restated a “buy” rating on shares of Barclays in a report on Thursday, January 28th. Investec lowered shares of Barclays from a “buy” rating to a “hold” rating in a report on Tuesday, November 10th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Barclays in a report on Thursday, January 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Barclays currently has an average rating of “Hold”.

Barclays stock traded up $0.40 during trading hours on Tuesday, hitting $8.97. The company had a trading volume of 9,399,447 shares, compared to its average volume of 4,262,158. The firm has a market cap of $38.91 billion, a P/E ratio of 15.47, a P/E/G ratio of 4.13 and a beta of 1.58. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.52 and a current ratio of 1.50. Barclays has a 1 year low of $3.41 and a 1 year high of $9.01. The company has a 50-day moving average price of $8.02 and a two-hundred day moving average price of $6.69.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rehmann Capital Advisory Group bought a new position in shares of Barclays during the 4th quarter worth approximately $87,000. EP Wealth Advisors LLC bought a new position in shares of Barclays during the 4th quarter worth approximately $109,000. Advisor Partners LLC raised its stake in shares of Barclays by 7.3% during the 4th quarter. Advisor Partners LLC now owns 76,091 shares of the financial services provider’s stock worth $608,000 after acquiring an additional 5,197 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Barclays during the 4th quarter worth approximately $228,000. Finally, Squarepoint Ops LLC raised its stake in shares of Barclays by 8.1% during the 4th quarter. Squarepoint Ops LLC now owns 56,204 shares of the financial services provider’s stock worth $449,000 after acquiring an additional 4,208 shares in the last quarter. Hedge funds and other institutional investors own 1.89% of the company’s stock.

About Barclays

Barclays Plc operates as a bank holding company that engages in the business of providing retail banking, credit cards, corporate and investment banking and wealth management services. The company operates through two divisions: Barclays UK and Barclays International. The Barclays UK division comprises the U.K.

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