Barclays (NYSE:BCS) Raised 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 released on Thursday.

BCS has been the subject of several other research reports. The Goldman Sachs Group started coverage on shares of Barclays in a research note on Tuesday, October 8th. They set a “buy” rating for the company. Kepler Capital Markets started coverage on Barclays in a report on Thursday, September 5th. They issued a “buy” rating for the company.

Barclays Stock Performance

NYSE BCS opened at $13.21 on Thursday. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.35 and a quick ratio of 1.35. The stock’s 50 day simple moving average is $12.41 and its 200-day simple moving average is $11.67. The company has a market cap of $47.84 billion, a PE ratio of 8.99 and a beta of 1.41. Barclays has a 1-year low of $6.91 and a 1-year high of $13.57.

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

Hedge Funds Weigh In On Barclays

A number of institutional investors have recently bought and sold shares of BCS. Sage Mountain Advisors LLC grew its holdings in shares of Barclays by 7.7% during the 2nd quarter. Sage Mountain Advisors LLC now owns 11,767 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 838 shares during the period. M&T Bank Corp boosted its stake in Barclays by 4.7% during the third quarter. M&T Bank Corp now owns 20,568 shares of the financial services provider’s stock worth $250,000 after buying an additional 918 shares during the period. Apollon Wealth Management LLC boosted its stake in Barclays by 10.0% during the third quarter. Apollon Wealth Management LLC now owns 11,826 shares of the financial services provider’s stock worth $144,000 after buying an additional 1,075 shares during the period. Hexagon Capital Partners LLC raised its stake in shares of Barclays by 32.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,132 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Barclays by 6.9% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 17,565 shares of the financial services provider’s stock worth $213,000 after acquiring an additional 1,137 shares during the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Company Profile

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.