Barclays PLC (BCS) Rating Lowered to Sell at Goldman Sachs Group Inc

Barclays PLC (NYSE:BCS) was downgraded by research analysts at Goldman Sachs Group Inc from a “neutral” rating to a “sell” rating in a research note issued to investors on Friday, May 5th.

A number of other equities research analysts also recently commented on the company. Morgan Stanley upgraded Barclays PLC from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $11.36 to $11.50 in a research report on Friday, March 17th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Barclays PLC in a research report on Tuesday, March 14th. Bank of America Corp restated a “sell” rating on shares of Barclays PLC in a report on Monday, January 9th. Zacks Investment Research upgraded Barclays PLC from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 29th. Finally, Natixis lowered Barclays PLC from a “buy” rating to a “neutral” rating in a report on Thursday, May 4th. Seven equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $31.07.

Analyst Recommendations for Barclays PLC (NYSE:BCS)

Barclays PLC (NYSE:BCS) traded up 1.27% on Friday, hitting $11.14. 4,137,803 shares of the stock traded hands. The stock has a 50 day moving average of $10.84 and a 200 day moving average of $11.01. Barclays PLC has a 52 week low of $6.76 and a 52 week high of $12.05. The firm has a market capitalization of $70.48 billion, a PE ratio of 25.79 and a beta of 1.18.

Barclays PLC (NYSE:BCS) last announced its quarterly earnings data on Thursday, February 23rd. The financial services provider reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. Barclays PLC had a positive return on equity of 3.60% and a negative net margin of 4.94%. The company had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $5.83 billion. Equities research analysts anticipate that Barclays PLC will post $0.86 earnings per share for the current year.

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Large investors have recently modified their holdings of the stock. World Asset Management Inc increased its stake in shares of Barclays PLC by 8.2% in the third quarter. World Asset Management Inc now owns 282,434 shares of the financial services provider’s stock valued at $2,454,000 after buying an additional 21,474 shares in the last quarter. Berkeley Capital Partners LLC increased its stake in shares of Barclays PLC by 47.1% in the third quarter. Berkeley Capital Partners LLC now owns 26,328 shares of the financial services provider’s stock valued at $229,000 after buying an additional 8,428 shares in the last quarter. Sanders Capital LLC increased its stake in shares of Barclays PLC by 7.9% in the third quarter. Sanders Capital LLC now owns 520,347 shares of the financial services provider’s stock valued at $4,522,000 after buying an additional 38,100 shares in the last quarter. Columbia Asset Management acquired a new stake in shares of Barclays PLC during the third quarter valued at about $246,000. Finally, Bellecapital International Ltd. acquired a new stake in shares of Barclays PLC during the third quarter valued at about $149,000. 2.57% of the stock is currently owned by institutional investors.

About Barclays PLC

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