Trade Report: Today, Barclays PLC (BCS) Earns Outperform Rating from Analysts at Credit Suisse Group AG

Today, Barclays PLC (BCS) Earns Outperform Rating from Analysts at Credit Suisse Group AG

Analysts at Credit Suisse Group AG initiated coverage on shares of Barclays PLC (NYSE:BCS) in a research report issued on Tuesday. The brokerage set an “outperform” rating on the financial services provider’s stock.

BCS has been the topic of several other reports. Vetr cut shares of Barclays PLC from a “hold” rating to a “sell” rating and set a $8.22 price target on the stock. in a report on Tuesday, October 18th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Barclays PLC in a report on Monday, October 10th. Zacks Investment Research upgraded shares of Barclays PLC from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a report on Friday, September 9th. Shore Capital reiterated a “buy” rating on shares of Barclays PLC in a report on Monday, August 1st. Finally, Investec upgraded shares of Barclays PLC from a “hold” rating to a “buy” rating in a report on Wednesday, October 19th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $35.71.

Shares of Barclays PLC (NYSE:BCS) traded up 2.553% during mid-day trading on Tuesday, reaching $10.645. The company had a trading volume of 1,000,058 shares. Barclays PLC has a 52-week low of $6.76 and a 52-week high of $14.13. The company’s market capitalization is $63.46 billion. The company’s 50-day moving average price is $9.40 and its 200-day moving average price is $9.00.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Bank & Trust Co. raised its position in Barclays PLC by 28.1% in the second quarter. Private Bank & Trust Co. now owns 27,637 shares of the financial services provider’s stock valued at $210,000 after buying an additional 6,070 shares during the period. Quantbot Technologies LP acquired a new position in Barclays PLC during the second quarter valued at about $270,000. Banco BTG Pactual S.A. raised its position in Barclays PLC by 9.1% in the second quarter. Banco BTG Pactual S.A. now owns 176,614 shares of the financial services provider’s stock valued at $1,342,000 after buying an additional 14,754 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Barclays PLC during the second quarter valued at about $128,000. Finally, Sanders Capital LLC raised its position in Barclays PLC by 8.2% in the second quarter. Sanders Capital LLC now owns 482,247 shares of the financial services provider’s stock valued at $3,665,000 after buying an additional 36,458 shares during the period. 2.61% of the stock is owned by institutional investors and hedge funds.

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