Barclays (NYSE:BCS) Hits New 1-Year High – Here’s What Happened

by · The Cerbat Gem

Barclays PLC (NYSE:BCS)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $25.80 and last traded at $25.7290, with a volume of 127915 shares traded. The stock had previously closed at $25.48.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BCS shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Thursday, October 23rd. Zacks Research lowered shares of Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Barclays in a research note on Tuesday, December 23rd. Wall Street Zen lowered Barclays from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Barclays in a report on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Barclays

Barclays Trading Down 0.6%

The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $88.44 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 0.48 and a beta of 1.00. The stock has a 50-day simple moving average of $22.85 and a two-hundred day simple moving average of $20.76.

Barclays (NYSE:BCS – Get Free Report) last announced its quarterly earnings results on Tuesday, September 30th. The financial services provider reported $0.45 EPS for the quarter. The firm had revenue of $9.21 billion during the quarter. Barclays had a net margin of 21.26% and a return on equity of 8.19%. As a group, sell-side analysts anticipate that Barclays PLC will post 2 EPS for the current year.

Institutional Trading of Barclays

Several large investors have recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new position in Barclays in the second quarter valued at about $27,000. Mather Group LLC. bought a new stake in shares of Barclays during the 3rd quarter valued at about $30,000. Salomon & Ludwin LLC increased its position in shares of Barclays by 2,673.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,417 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of Barclays in the 2nd quarter worth approximately $28,000. Finally, True Wealth Design LLC purchased a new position in shares of Barclays in the third quarter worth approximately $31,000. Institutional investors own 3.39% of the company’s stock.

Barclays Company Profile

(Get Free Report)

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.

Read More