Barclays (NYSE:BCS) Now Covered by Analysts at Berenberg Bank

Investment analysts at Berenberg Bank began coverage on shares of Barclays (NYSE:BCS) in a report released on Wednesday. The firm set a “buy” rating on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on the company. Citigroup reissued a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. BNP Paribas Exane downgraded shares of Barclays from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Weiss Ratings lowered shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Barclays in a research note on Thursday, March 5th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Barclays Price Performance

Shares of BCS stock opened at $27.04 on Wednesday. Barclays has a 12-month low of $17.73 and a 12-month high of $27.70. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94. The firm has a market capitalization of $92.17 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 0.47 and a beta of 1.01. The firm has a fifty day moving average of $24.14 and a 200-day moving average of $24.25.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. The company had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. On average, equities research analysts forecast that Barclays will post 2.83 earnings per share for the current year.

Institutional Investors Weigh In On Barclays

A number of institutional investors have recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Barclays by 39.2% in the 3rd quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock valued at $100,065,000 after purchasing an additional 1,362,247 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Barclays by 6.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 2,239,040 shares of the financial services provider’s stock worth $46,281,000 after purchasing an additional 129,700 shares during the period. Natixis Advisors LLC raised its holdings in shares of Barclays by 5.9% in the 3rd quarter. Natixis Advisors LLC now owns 9,886,650 shares of the financial services provider’s stock worth $204,357,000 after acquiring an additional 549,497 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its stake in shares of Barclays by 70.5% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 124,961 shares of the financial services provider’s stock worth $3,180,000 after purchasing an additional 51,679 shares during the last quarter. Finally, Main Street Research LLC purchased a new position in Barclays during the 3rd quarter worth $35,035,000. Institutional investors own 3.39% of the company’s stock.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.