Barclays’ (NYSE:BCS) “Buy” Rating Reiterated at J P Morgan Chase & Co

Barclays (NYSE:BCS)‘s stock had its “buy” rating restated by equities researchers at J P Morgan Chase & Co in a note issued to investors on Monday, November 20th.

A number of other research firms have also recently issued reports on BCS. Goldman Sachs Group reissued a “sell” rating on shares of Barclays in a research note on Friday, August 11th. Deutsche Bank reaffirmed a “buy” rating on shares of Barclays in a research report on Monday, August 14th. BidaskClub cut Barclays from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. ValuEngine upgraded Barclays from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, BNP Paribas lowered Barclays from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 5th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.25.

Barclays (NYSE:BCS) traded down $0.07 during midday trading on Monday, reaching $10.14. The company had a trading volume of 2,035,410 shares, compared to its average volume of 2,982,909. Barclays has a fifty-two week low of $9.29 and a fifty-two week high of $12.05. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 3.78. The company has a market capitalization of $44,226.63, a P/E ratio of 15.04, a PEG ratio of 0.69 and a beta of 0.95.

A number of large investors have recently made changes to their positions in the stock. Park National Corp OH bought a new position in shares of Barclays in the 3rd quarter worth about $109,000. Fox Run Management L.L.C. bought a new position in shares of Barclays in the 2nd quarter worth about $110,000. Advisor Partners LLC bought a new position in shares of Barclays in the 2nd quarter worth about $119,000. HPM Partners LLC raised its position in shares of Barclays by 1.8% in the 2nd quarter. HPM Partners LLC now owns 11,545 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 203 shares in the last quarter. Finally, Well Done LLC bought a new position in shares of Barclays in the 3rd quarter worth about $130,000. 2.48% of the stock is owned by institutional investors and hedge funds.

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