Barclays (NYSE:BCS) Reaches New 52-Week Low at $7.07

Barclays PLC (NYSE:BCS)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $7.07 and last traded at $7.09, with a volume of 178530 shares changing hands. The stock had previously closed at $7.39.

Several equities research analysts have commented on BCS shares. Bank of America downgraded shares of Barclays from a “buy” rating to a “neutral” rating in a research note on Thursday, April 18th. Zacks Investment Research raised shares of Barclays from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $11.00.

The business has a fifty day simple moving average of $7.69. The firm has a market cap of $31.61 billion, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 2.10 and a beta of 0.93. The company has a debt-to-equity ratio of 5.01, a quick ratio of 1.51 and a current ratio of 1.51.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Barclays had a net margin of 14.72% and a return on equity of 5.08%. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.92 billion. As a group, equities analysts expect that Barclays PLC will post 1.15 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Advisers LP bought a new position in Barclays during the fourth quarter worth about $1,469,000. Squarepoint Ops LLC acquired a new stake in Barclays during the fourth quarter worth about $84,000. Greenleaf Trust grew its stake in Barclays by 77.0% during the first quarter. Greenleaf Trust now owns 22,539 shares of the financial services provider’s stock worth $180,000 after buying an additional 9,806 shares in the last quarter. Deutsche Bank AG grew its stake in Barclays by 9,565.4% during the fourth quarter. Deutsche Bank AG now owns 5,282,341 shares of the financial services provider’s stock worth $39,828,000 after buying an additional 5,227,689 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in Barclays by 19.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 440,321 shares of the financial services provider’s stock worth $3,522,000 after buying an additional 72,814 shares in the last quarter. 2.53% of the stock is currently owned by institutional investors.

About Barclays (NYSE:BCS)

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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