Barclays (NYSE:BCS) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Barclays (NYSE:BCS) from a buy rating to a strong-buy rating in a research report report published on Thursday.

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

Barclays Trading Up 1.5 %

Shares of BCS stock traded up $0.19 on Thursday, hitting $13.15. The company had a trading volume of 8,433,616 shares, compared to its average volume of 14,407,189. Barclays has a twelve month low of $6.91 and a twelve month high of $13.57. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $47.87 billion, a P/E ratio of 8.96 and a beta of 1.41. The stock’s 50-day moving average is $12.38 and its two-hundred day moving average is $11.63.

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

Hedge Funds Weigh In On Barclays

Hedge funds and other institutional investors have recently modified their holdings of the business. Rothschild Investment LLC bought a new position in Barclays during the second quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its stake in shares of Barclays by 71.8% during the 1st 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 period. Symphony Financial Ltd. Co. purchased a new stake in Barclays in the 3rd quarter worth about $42,000. EntryPoint Capital LLC bought a new stake in Barclays in the 1st quarter valued at about $48,000. Finally, Hexagon Capital Partners LLC boosted its position in Barclays by 32.4% during the third quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,132 shares during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.

About Barclays

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.