Barclays PLC (BCS) : Analyst Rating Update

Barclays PLC (BCS) has an average broker rating of 2.8, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 1 considers that the stock is a Sell.

Barclays PLC (NYSE:BCS): The stock opened at $7.03 on Wednesday but the bulls could not build on the opening and the stock topped out at $7.08 for the day. The stock traded down to $6.85 during the day, due to lack of any buying support eventually closed down at $7.08 with a loss of -1.80% for the day. The stock had closed at $7.21 on the previous day. The total traded volume was 24,404,446 shares.

Also, In the latest statement by the brokerage house, Goldman Sachs downgrades its outlook on Barclays PLC (NYSE:BCS). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on June 28, 2016. The company shares have dropped -54.34% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $18.05 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $9.66 and the 200 Day Moving Average price is recorded at $9.93.

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.

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