Analyst Rating Update on Barclays PLC (BCS)

Barclays PLC (BCS) : 5 analysts are covering Barclays PLC (BCS) and their average rating on the stock is 2.8, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm UBS downgrades its rating on Barclays PLC (NYSE:BCS). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 20, 2016.


Barclays PLC (NYSE:BCS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.96 and $7.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.05, notching a gain of 2.68% for the day. The total traded volume was 6,267,535 . The stock had closed at $7.84 on the previous day.

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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