Barclays (NYSE:BCS) Hits New 1-Year High – Should You Buy?

Barclays PLC (NYSE:BCS) hit a new 52-week high on Wednesday . The stock traded as high as $15.43 and last traded at $15.36, with a volume of 441851 shares. The stock had previously closed at $15.23.

Analysts Set New Price Targets

Separately, StockNews.com lowered Barclays from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th.

Barclays Trading Up 1.0 %

The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67. The company has a market capitalization of $55.47 billion, a price-to-earnings ratio of 10.46, a P/E/G ratio of 0.46 and a beta of 1.41. The company’s 50 day simple moving average is $13.84 and its two-hundred day simple moving average is $12.83.

Institutional Trading of Barclays

A number of institutional investors have recently bought and sold shares of BCS. Lindbrook Capital LLC boosted its holdings in shares of Barclays by 7.7% in the 4th quarter. Lindbrook Capital LLC now owns 9,476 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 674 shares during the last quarter. Choreo LLC increased its stake in shares of Barclays by 1.7% in the 4th quarter. Choreo LLC now owns 46,860 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 802 shares in the last quarter. Lake Street Advisors Group LLC increased its position in shares of Barclays by 2.2% in the fourth quarter. Lake Street Advisors Group LLC now owns 40,500 shares of the financial services provider’s stock valued at $538,000 after buying an additional 880 shares in the last quarter. M&T Bank Corp raised its position 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 acquiring an additional 918 shares during the period. Finally, Pzena Investment Management LLC lifted its stake in Barclays by 1.1% in the 4th quarter. Pzena Investment Management LLC now owns 86,226 shares of the financial services provider’s stock valued at $1,146,000 after buying an additional 924 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

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.