Todays Report: The Vetr Inc. Downgrades Barclays PLC (BCS) to Strong Sell

The Vetr Inc. Downgrades Barclays PLC (BCS) to Strong Sell

Barclays PLC (NYSE:BCS) was downgraded by investment analysts at Vetr from a “sell” rating to a “strong sell” rating in a research note issued on Thursday. They presently have a $8.22 target price on the financial services provider’s stock. Vetr‘s price target would suggest a potential downside of 11.14% from the company’s previous close.

Other research analysts have also issued research reports about the company. Investec raised Barclays PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, October 19th. Shore Capital reissued a “buy” rating on shares of Barclays PLC in a research note on Monday, August 1st. HSBC raised Barclays PLC from a “hold” rating to a “buy” rating and increased their price target for the stock from $6.76 to $8.62 in a research note on Wednesday, September 21st. Deutsche Bank AG reissued a “hold” rating on shares of Barclays PLC in a research note on Friday, September 16th. Finally, Zacks Investment Research lowered Barclays PLC from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.71.

Barclays PLC (NYSE:BCS) opened at 9.25 on Thursday. The firm’s market capitalization is $55.14 billion. Barclays PLC has a 1-year low of $6.76 and a 1-year high of $14.66. The company’s 50-day moving average price is $8.74 and its 200 day moving average price is $8.97.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. VNBTrust National Association raised its position in Barclays PLC by 0.6% in the third quarter. VNBTrust National Association now owns 11,671 shares of the financial services provider’s stock valued at $101,000 after buying an additional 70 shares during the period. Green Square Capital LLC bought a new position in Barclays PLC during the second quarter valued at approximately $102,000. Banced Corp bought a new position in Barclays PLC during the second quarter valued at approximately $203,000. Fox Run Management L.L.C. bought a new position in Barclays PLC during the third quarter valued at approximately $124,000. Finally, First Allied Advisory Services Inc. bought a new position in Barclays PLC during the second quarter valued at approximately $110,000. 2.71% of the stock is currently owned by institutional investors.

Barclays PLC Company Profile

Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.

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