Barclays (BCS) Given Neutral Rating at Credit Suisse Group

Barclays (NYSE:BCS)‘s stock had its “neutral” rating restated by analysts at Credit Suisse Group in a report issued on Friday.

Several other equities analysts have also recently weighed in on BCS. ValuEngine raised Barclays from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th. Zacks Investment Research raised Barclays from a “sell” rating to a “hold” rating in a research report on Monday, July 23rd. JPMorgan Chase & Co. reissued a “buy” rating on shares of Barclays in a research report on Tuesday, September 4th. Finally, Berenberg Bank raised Barclays from a “hold” rating to a “buy” rating in a research report on Monday, October 1st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.00.

Shares of BCS traded down $0.05 during trading hours on Friday, hitting $9.24. 1,018,803 shares of the company were exchanged, compared to its average volume of 3,453,873. The company has a market cap of $38.73 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 0.34 and a beta of 0.70. Barclays has a 52 week low of $8.47 and a 52 week high of $12.55. The company has a debt-to-equity ratio of 4.99, a quick ratio of 1.50 and a current ratio of 1.52.

Barclays (NYSE:BCS) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.11. The company had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.76 billion. Barclays had a return on equity of 6.30% and a net margin of 1.94%. On average, research analysts predict that Barclays will post 1.04 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in Barclays by 248.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,437,106 shares of the financial services provider’s stock worth $21,813,000 after acquiring an additional 1,737,835 shares during the last quarter. Glenmede Trust Co. NA bought a new stake in Barclays during the 2nd quarter worth approximately $6,216,000. SG Americas Securities LLC bought a new stake in Barclays during the 3rd quarter worth approximately $3,128,000. Stevens Capital Management LP bought a new stake in Barclays during the 2nd quarter worth approximately $1,405,000. Finally, Atlas Capital Advisors LLC bought a new stake in Barclays during the 2nd quarter worth approximately $1,171,000. Institutional investors own 3.22% of the company’s stock.

Barclays Company Profile

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

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Analyst Recommendations for Barclays (NYSE:BCS)

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