Barclays PLC (ADR) (BCS) is Downgraded by BofA/Merrill to Neutral

Barclays PLC (ADR) (BCS) was Downgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on Jun 27, 2016.

Many Wall Street Analysts have commented on Barclays PLC (ADR). Barclays PLC (ADR) was Downgraded by Jefferies to ” Underperform” on Jun 27, 2016. Barclays PLC (ADR) was Upgraded by Exane BNP Paribas to ” Outperform” on May 26, 2016. Barclays PLC (ADR) was Downgraded by Investec to ” Hold” on May 25, 2016.

Barclays PLC (ADR) closed down -2.29 points or -20.48% at $8.89 with 7,48,88,099 shares getting traded on Friday. Post opening the session at $8.13, the shares hit an intraday low of $8.13 and an intraday high of $9.19 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Barclays PLC (Barclays) 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.

Barclays PLC (ADR)

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