According to Bloomberg Ratings, the fourteen different brokerages that provide coverage for Barclays PLC (NYSE: BCS) have given the stock a rating of “Moderate Buy” as the consensus recommendation for the investment. This rating was determined by considering the brokerages’ historical performance with the stock. Eight financial analysts have recommended to investors that they buy the company’s shares, while only four have suggested that investors keep the shares they already own. The stock currently has an average one-year price objective of $228.57, according to brokerage firms that have recently covered the stock and set price objectives.
Numerous research studies have been conducted with the BCS as the focal point of their attention. In a research report published on Wednesday, BNP Paribas changed its previous rating of “neutral” for Barclays to an “outperform” rating for the company. Credit Suisse Group gave Barclays an “outperform” rating in a research report published on Friday, October 28. Additionally, the firm increased its price target for its stock from GBX 240 ($2.94) to GBX 250 ($3.07), reflecting its belief that the share price will move higher shortly. In a report published on December 8 regarding the company that provides financial services, StockNews.com rated Barclays as a “buy,” up from their previous rating of “hold.” In a research note that was published on Friday, October 28, Royal Bank of Canada upgraded their rating of the company to “sector perform” and increased their target price for Barclays from GBX 170 ($2.09) to GBX 180 ($2.21). JPMorgan Chase & Co. moved Barclays from a ” neutral ” rating to an “overweight” rating in a research report published on Tuesday, December 6. This was the last update that the company would perform for the day.
During the most recent period, several institutional investors engaged in buying and selling transactions involving company shares. The value of Bridgefront Capital LLC’s holdings in Barclays increased by 65.5% during the third quarter of the current fiscal year. After making an additional 7,568 share purchases throughout the period in question, Bridgefront Capital LLC is now the proud owner of 19,130 shares that the provider of financial services holds. The current value of these shares is twelve thousand two hundred dollars. The Teachers Retirement System of Kentucky invested approximately $9,335,000 in a new stake in Barclays during the third quarter of the fiscal year (TRS-KY). The value of Advisory Research Inc.’s holdings in Barclays increased by 105.9% during the company’s third fiscal quarter of the year. Advisory Research Inc. has now amassed a total investment of $196,000 thanks to the ownership of 30,612 shares held by the financial services provider. This was accomplished by purchasing an additional 15,748 shares during the most recent quarter. There is a current value of $196,000 attached to these shares. In the third quarter, Balyasny Asset Management LLC saw a 268.6% increase in the size of its holdings in Barclays, bringing the total value of those holdings to $1. Following the acquisition of an additional 2,785,466 shares during the most recent quarter, Balyasny Asset Management LLC now possesses 3,822,683 shares of the stock held by the financial services provider. These shares are worth $24,465,000 each.
Last but not least, during the third quarter, BNP Paribas Arbitrage SNC increased the percentage of Barclays stock owned by 242.3%. This certainly should not be considered the least important development. Following the acquisition of an additional 35,773 shares during the most recent quarter, BNP Paribas Arbitrage SNC now holds 50,537 shares in the financial services provider. The total worth of these shares comes to 323,000 dollars. Institutional investors hold 3.47% of the company’s total shares, including hedge funds.
The price of a share of BCS stock was $7.61 when it opened for trading on Friday. The company has a beta value of 1.34 and a price-to-earnings ratio of 5.07. The company’s total value, as measured by its market capitalization, is $31.81 billion. A debt-to-equity ratio comes in at 6.07; a quick ratio comes in at 1.39; a current ratio comes in at 1.40, and a quick ratio comes in at 1.39. During the past year, the price of Barclays has ranged from its all-time low of $5.89 to its all-time high of $12.20. The price of the stock’s moving average over the last 50 days is $7.28; over the last 200 days, it has been trading at $7.58.
Barclays (NYSE: BCS) divulged the outcomes of its most recent quarterly earnings report on Wednesday, October 26. The announcement was made. The company that provides financial services reported earnings per share for the quarter that came in at $0.44, which was $0.10 higher than the expectations of the majority of industry specialists. The revenue forecasts for the company’s upcoming quarter ranged from $6.35 billion to $7.01 billion, according to specialists in the relevant field. Barclays successfully achieved a return on equity of 6.93%, and the company had a net margin of 20.91%. Profits for Barclays are expected to come in at 1.75 cents per share for the current fiscal year, according to projections made by analysts.
The subsidiaries of Barclays PLC provide customers in many different regions of the world with a vast array of financial products and services. These regions include the United Kingdom (UK), Europe, the Americas, Africa, the Middle East, and Asia. Although they are separate entities, Barclays UK and Barclays International each have a stake in the company. However, Barclays UK and Barclays International work together to manage the business. It offers a diverse selection of banking products and services, such as retail banking, credit card services, wholesale banking, investment banking, wealth management, and investment management, to name just a few of the available options.