Barclays (NYSE:BCS) Upgraded by StockNews.com to “Strong-Buy” Rating

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

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

Barclays Stock Performance

BCS stock opened at $12.72 on Tuesday. Barclays has a 1-year low of $6.27 and a 1-year high of $13.20. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.98. The stock has a 50-day moving average price of $12.17 and a 200-day moving average price of $11.38. The firm has a market cap of $46.29 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.68 and a beta of 1.42.

Barclays (NYSE:BCS) last issued its 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 5.94% and a net margin of 16.83%. During the same quarter in the previous year, the firm posted $0.42 earnings per share. As a group, equities research analysts expect that Barclays will post 1.63 earnings per share for the current year.

Institutional Trading of Barclays

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sage Mountain Advisors LLC increased its position in shares of Barclays by 7.7% during the second quarter. Sage Mountain Advisors LLC now owns 11,767 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 838 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Barclays by 32.4% in 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 last quarter. Legacy Wealth Asset Management LLC boosted its position in shares of Barclays by 2.0% during the first quarter. Legacy Wealth Asset Management LLC now owns 61,623 shares of the financial services provider’s stock valued at $582,000 after buying an additional 1,237 shares during the last quarter. AMG National Trust Bank grew its holdings in Barclays by 0.4% during the second quarter. AMG National Trust Bank now owns 333,744 shares of the financial services provider’s stock worth $3,574,000 after buying an additional 1,343 shares in the last quarter. Finally, Ballentine Partners LLC raised its position in Barclays by 5.5% in the 3rd quarter. Ballentine Partners LLC now owns 27,743 shares of the financial services provider’s stock valued at $337,000 after buying an additional 1,453 shares during the last quarter. 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.