Barclays (NYSE: BCS) has recently received a number of price target changes and ratings updates:

  • 1/22/2016 – Barclays was upgraded by analysts at Berenberg Bank from a “sell” rating to a “hold” rating.
  • 1/19/2016 – Barclays was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Barclays’ third quarter 2015 results reflected the success of its cost-curtailment measures and improved Investment Banking performance. However, additional legal provisions and declining net operating income remained as headwinds. We expect the company’s diversified business model and stable balance sheet position to consistently support its financials. Also, its expense-reduction as well as restructuring plans bode well for the future. Nevertheless, the company continues to experience muted top-line growth and a stringent regulatory landscape, which will likely weigh on its near-term performance. Moreover, issues related to regulatory investigations continue to hinder its prospects.”
  • 1/11/2016 – Barclays was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Barclays’ third quarter 2015 results reflected the success of its cost-curtailment measures and improved Investment Banking performance. However, additional legal provisions and declining net operating income remained as headwinds. We expect the company’s diversified business model and stable balance sheet position to consistently support its financials. Also, its expense-reduction as well as restructuring plans bode well for the future. Nevertheless, the company continues to experience muted top-line growth and a stringent regulatory landscape, which will likely weigh on its near-term performance. Moreover, issues related to regulatory investigations continue to hinder its prospects.”
  • 1/4/2016 – Barclays was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $14.72 price target on the stock.
  • 12/28/2015 – Barclays was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $14.72 price target on the stock.
  • 12/21/2015 – Barclays was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $14.72 price target on the stock.
  • 12/16/2015 – Barclays was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “Barclays’ third quarter 2015 results reflected the success of its cost-curtailment measures and improved Investment Banking performance. However, additional legal provisions and declining net operating income remained as headwinds. We expect the company’s diversified business model and stable balance sheet position to consistently support its financials. Also, its expense-reduction as well as restructuring plans bode well for the future. Nevertheless, the company continues to experience muted top-line growth and a stringent regulatory landscape, which will likely weigh on its near-term performance. Moreover, issues related to regulatory investigations continue to hinder its prospects.”
  • 12/14/2015 – Barclays was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $14.72 price target on the stock.
  • 12/2/2015 – Barclays had its “buy” rating reaffirmed by analysts at Deutsche Bank.
  • 12/2/2015 – Barclays had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 12/2/2015 – Barclays had its “buy” rating reaffirmed by analysts at Goldman Sachs.

Barclays (NYSE:BCS) opened at 10.99 on Monday. The company’s 50 day moving average is $12.50 and its 200-day moving average is $14.92. Barclays has a 52 week low of $10.21 and a 52 week high of $18.05. The firm has a market cap of $58.98 billion and a P/E ratio of 70.45.

Barclays PLC (NYSE:BCS) is a global financial services holding company. The Company operates in five business segments: Personal and Corporate Banking (PCB), Barclaycard, Africa Banking, Investment Bank and Head Office. Barclays Bank PLC is a wholly owned subsidiary of Barclays. The Personal and Corporate Banking (PCB) comprises personal banking, mortgages, wealth & investment management, and corporate banking. Barclaycard is an international payments services provider. The Africa Banking business is managed under three primary businesses. Its businesses include retail and business banking (RBB); wealth, investment management and insurance (WIMI); corporate and investment banking (CIB), as well as an Africa Head Office function. The Investment Bank consists of origination-led and returns-focused markets. Head Office comprises head office and central support functions. It also includes the businesses in transition and consolidation adjustments.

12 Month Chart for NYSE:BCS

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