Barclays (NYSE:BCS) Stock Rating Upgraded by StockNews.com

Barclays (NYSE:BCS) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

Other equities analysts have also recently issued research reports about the stock. Kepler Capital Markets began coverage on shares of Barclays in a research report on Thursday, September 5th. They set a “buy” rating for the company. The Goldman Sachs Group started coverage on Barclays in a research note on Tuesday, October 8th. They issued a “buy” rating for the company.

Barclays Stock Up 1.9 %

Shares of NYSE:BCS opened at $13.20 on Thursday. Barclays has a 52-week low of $6.91 and a 52-week high of $13.57. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67. The business has a fifty day moving average of $12.38 and a two-hundred day moving average of $11.63. The stock has a market cap of $48.05 billion, a P/E ratio of 8.95 and a beta of 1.41.

Barclays (NYSE:BCS) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. The business had revenue of $8.52 billion during the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, research analysts expect that Barclays will post 1.71 earnings per share for the current year.

Institutional Trading of Barclays

A number of large investors have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in Barclays in the 2nd quarter valued at about $30,000. Symphony Financial Ltd. Co. acquired a new stake in Barclays in the third quarter valued at approximately $42,000. EverSource Wealth Advisors LLC lifted its stake in Barclays by 71.8% in the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,524 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in Barclays by 32.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,132 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Barclays during the 1st quarter worth $48,000. Hedge funds and other 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.