StockNews.com Downgrades Barclays (NYSE:BCS) to Hold

Barclays (NYSE:BCS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Barclays in a report on Thursday, May 9th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $190.00.

Barclays Trading Up 1.5 %

NYSE BCS traded up $0.16 during trading hours on Monday, hitting $10.88. 10,773,782 shares of the company were exchanged, compared to its average volume of 15,843,722. Barclays has a 52 week low of $6.23 and a 52 week high of $11.42. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 6.15. The stock has a 50-day moving average price of $10.71 and a 200 day moving average price of $9.17. The stock has a market cap of $41.03 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.39 and a beta of 1.44.

Barclays (NYSE:BCS) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07. The company had revenue of $8.82 billion for the quarter. Barclays had a return on equity of 6.13% and a net margin of 17.21%. Analysts forecast that Barclays will post 1.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Barclays

Hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in shares of Barclays by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,524 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in Barclays by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,533,600 shares of the financial services provider’s stock worth $14,493,000 after acquiring an additional 265,200 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of Barclays during the first quarter worth approximately $151,000. EJF Capital LLC bought a new stake in shares of Barclays during the first quarter valued at approximately $1,890,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Barclays in the first quarter valued at approximately $95,000. 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.