Analysts Set Barclays PLC (NYSE:BCS) PT at $225.00

Shares of Barclays PLC (NYSE:BCS) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $225.00.

A number of research firms have recently weighed in on BCS. JPMorgan Chase & Co. upped their target price on Barclays from GBX 190 ($2.25) to GBX 200 ($2.36) in a research report on Wednesday, September 7th. StockNews.com cut Barclays from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Credit Suisse Group upped their target price on Barclays from GBX 240 ($2.84) to GBX 250 ($2.96) and gave the company an “outperform” rating in a research report on Friday, October 28th. Deutsche Bank Aktiengesellschaft increased their price objective on Barclays from GBX 210 ($2.48) to GBX 230 ($2.72) and gave the stock a “hold” rating in a research note on Monday, August 1st. Finally, Royal Bank of Canada increased their price target on Barclays from GBX 170 ($2.01) to GBX 180 ($2.13) and gave the company a “sector perform” rating in a research report on Friday, October 28th.

Institutional Trading of Barclays

A number of large investors have recently bought and sold shares of the company. M&T Bank Corp boosted its holdings in shares of Barclays by 16.1% in the second quarter. M&T Bank Corp now owns 73,924 shares of the financial services provider’s stock worth $472,000 after acquiring an additional 10,247 shares during the period. FDx Advisors Inc. bought a new position in shares of Barclays in the second quarter worth $242,000. Envestnet Asset Management Inc. boosted its holdings in shares of Barclays by 4.0% in the first quarter. Envestnet Asset Management Inc. now owns 2,087,530 shares of the financial services provider’s stock worth $16,491,000 after acquiring an additional 81,197 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Barclays by 1.6% in the first quarter. Crossmark Global Holdings Inc. now owns 251,609 shares of the financial services provider’s stock worth $1,988,000 after acquiring an additional 3,910 shares during the period. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Barclays by 29.1% in the first quarter. Rehmann Capital Advisory Group now owns 14,537 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 3,277 shares during the period. 3.47% of the stock is owned by hedge funds and other institutional investors.

Barclays Stock Performance

BCS opened at $7.70 on Tuesday. The business has a fifty day simple moving average of $7.03 and a 200 day simple moving average of $7.59. The company has a market capitalization of $32.19 billion, a PE ratio of 5.13, a price-to-earnings-growth ratio of 0.15 and a beta of 1.32. Barclays has a 1 year low of $5.89 and a 1 year high of $12.20. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.40 and a quick ratio of 1.39.

About Barclays

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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.

Further Reading

Analyst Recommendations for Barclays (NYSE:BCS)

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