Barclays (BCS) Downgraded by Keefe, Bruyette & Woods to “Underperform”

Barclays (NYSE:BCS) was downgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “underperform” rating in a report issued on Thursday, Marketbeat Ratings reports.

A number of other research analysts also recently issued reports on BCS. Zacks Investment Research downgraded shares of Barclays from a “hold” rating to a “sell” rating in a research report on Wednesday. Morgan Stanley downgraded shares of Barclays from an “overweight” rating to an “equal” rating in a report on Wednesday. ValuEngine upgraded shares of Barclays from a “hold” rating to a “buy” rating in a report on Friday, January 5th. JPMorgan Chase & Co. restated a “buy” rating on shares of Barclays in a report on Monday, November 27th. Finally, Investec downgraded shares of Barclays from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $11.25.

Barclays (BCS) traded down $0.05 during trading on Thursday, hitting $10.86. 3,132,600 shares of the company were exchanged, compared to its average volume of 2,517,471. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 3.78. Barclays has a 52 week low of $9.29 and a 52 week high of $11.96. The firm has a market cap of $45,150.00, a P/E ratio of 17.52, a PEG ratio of 0.54 and a beta of 0.95.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park National Corp OH acquired a new position in Barclays during the third quarter worth $109,000. Well Done LLC acquired a new position in Barclays during the third quarter worth $130,000. ACG Wealth bought a new stake in shares of Barclays in the 3rd quarter worth $130,000. Strategic Global Advisors LLC grew its stake in shares of Barclays by 0.6% in the 2nd quarter. Strategic Global Advisors LLC now owns 16,415 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 94 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Barclays in the 2nd quarter worth $194,000. Hedge funds and other institutional investors own 2.47% of the company’s stock.

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