Barclays (NYSE:BCS) Stock Rating Upgraded by BNP Paribas

Barclays (NYSE:BCS) was upgraded by equities research analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, Marketbeat.com reports.

Separately, StockNews.com lowered Barclays from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Barclays presently has an average rating of “Moderate Buy”.

Barclays Stock Up 3.2 %

BCS opened at $16.21 on Tuesday. Barclays has a 1-year low of $8.77 and a 1-year high of $16.27. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.33. The stock has a market capitalization of $58.43 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.39 and a beta of 1.41. The business has a 50 day moving average of $14.49 and a 200-day moving average of $13.27.

Barclays (NYSE:BCS) last issued its earnings results on Tuesday, February 18th. The financial services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. Barclays had a return on equity of 7.74% and a net margin of 20.81%. As a group, sell-side analysts anticipate that Barclays will post 2 earnings per share for the current year.

Hedge Funds Weigh In On Barclays

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group acquired a new stake in Barclays in the 4th quarter valued at approximately $26,000. Activest Wealth Management bought a new stake in Barclays in the 4th quarter valued at $33,000. Sierra Ocean LLC bought a new stake in Barclays in the 4th quarter valued at $38,000. TD Private Client Wealth LLC boosted its stake in Barclays by 135.5% in the 4th quarter. TD Private Client Wealth LLC now owns 2,916 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,678 shares during the period. Finally, Versant Capital Management Inc bought a new stake in shares of Barclays during the 4th quarter valued at $44,000. Institutional investors own 3.39% of the company’s stock.

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.