Barclays (NYSE:BCS) Shares Gap Down to $10.72

Barclays PLC (NYSE:BCS)’s share price gapped down prior to trading on Friday . The stock had previously closed at $10.72, but opened at $10.45. Barclays shares last traded at $10.39, with a volume of 1,013,005 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BCS. Deutsche Bank Aktiengesellschaft began coverage on shares of Barclays in a report on Thursday, May 9th. They issued a “buy” rating for the company. StockNews.com upgraded shares of Barclays from a “hold” rating to a “buy” rating in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Barclays currently has a consensus rating of “Hold” and an average target price of $190.00.

Barclays Trading Down 2.6 %

The company’s 50 day simple moving average is $10.56 and its 200 day simple moving average is $9.04. The firm has a market cap of $39.39 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 0.39 and a beta of 1.42. The company has a debt-to-equity ratio of 6.15, a current ratio of 1.39 and a quick ratio of 1.39.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.45 by $0.07. The business had revenue of $8.82 billion during the quarter. Barclays had a net margin of 17.21% and a return on equity of 6.13%. As a group, research analysts expect that Barclays PLC will post 1.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Barclays

Several institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC lifted its position in shares of Barclays by 18.6% during the 1st quarter. Lindbrook Capital LLC now owns 6,282 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 986 shares during the last quarter. Sage Rhino Capital LLC lifted its position in Barclays by 7.9% in the first quarter. Sage Rhino Capital LLC now owns 16,774 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 1,233 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in Barclays by 2.0% in the first quarter. Legacy Wealth Asset Management LLC now owns 61,623 shares of the financial services provider’s stock valued at $582,000 after acquiring an additional 1,237 shares during the last quarter. GAMMA Investing LLC lifted its position in Barclays by 51.7% in the first quarter. GAMMA Investing LLC now owns 4,411 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 1,503 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Barclays by 71.8% in the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,524 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Company Profile

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.