Barclays (NYSE:BCS) Hits New 12-Month High at $12.11

Shares of Barclays PLC (NYSE:BCS) hit a new 52-week high during trading on Monday . The company traded as high as $12.11 and last traded at $12.11, with a volume of 32993 shares trading hands. The stock had previously closed at $11.98.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Barclays from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Barclays in a report on Thursday, May 9th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Barclays Trading Up 0.4 %

The company has a debt-to-equity ratio of 6.15, a current ratio of 1.39 and a quick ratio of 1.39. The firm’s fifty day moving average is $11.15 and its two-hundred day moving average is $9.69. The firm has a market capitalization of $44.57 billion, a PE ratio of 8.94, a PEG ratio of 0.67 and a beta of 1.44.

Barclays (NYSE:BCS) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. Barclays had a return on equity of 6.13% and a net margin of 17.21%. The company had revenue of $8.82 billion during the quarter. On average, equities analysts predict that Barclays PLC will post 1.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Barclays

A number of hedge funds have recently made changes to their positions in BCS. Blue Trust Inc. raised its position in Barclays by 23.7% in the fourth quarter. Blue Trust Inc. now owns 8,183 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 1,567 shares during the period. Five Oceans Advisors grew its holdings in Barclays by 18.9% during the fourth quarter. Five Oceans Advisors now owns 15,898 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 2,527 shares during the period. Private Trust Co. NA raised its stake in shares of Barclays by 58.5% in the fourth quarter. Private Trust Co. NA now owns 5,421 shares of the financial services provider’s stock valued at $43,000 after buying an additional 2,000 shares during the period. Prime Capital Investment Advisors LLC purchased a new position in shares of Barclays during the 4th quarter valued at $81,000. Finally, Cerity Partners LLC raised its stake in Barclays by 12.3% in the 4th quarter. Cerity Partners LLC now owns 66,433 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 7,250 shares during the period. 3.39% of the stock is currently owned by institutional investors.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.