Barclays (BCS) Lifted to “Neutral” at Macquarie

Macquarie upgraded shares of Barclays (NYSE:BCS) from an underperform rating to a neutral rating in a research report released on Wednesday, November 29th.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Barclays from a hold rating to a buy rating and set a $11.00 target price for the company in a report on Tuesday, October 10th. ValuEngine raised Barclays from a hold rating to a buy rating in a research note on Monday, October 2nd. Deutsche Bank reiterated a buy rating on shares of Barclays in a research report on Monday, August 14th. J P Morgan Chase & Co reiterated a buy rating on shares of Barclays in a research report on Monday, November 20th. Finally, Bank of America upgraded Barclays from an underperform rating to a buy rating in a report on Monday, November 20th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Barclays presently has an average rating of Hold and a consensus target price of $11.25.

Barclays (NYSE:BCS) opened at $10.51 on Wednesday. Barclays has a 1 year low of $9.29 and a 1 year high of $11.96. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.21 and a quick ratio of 1.19. The firm has a market cap of $44,780.52, a price-to-earnings ratio of 15.23, a P/E/G ratio of 0.70 and a beta of 0.95.

A number of institutional investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its position in Barclays by 7.6% during the 3rd quarter. Fisher Asset Management LLC now owns 20,654,732 shares of the financial services provider’s stock worth $213,776,000 after acquiring an additional 1,467,037 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Barclays by 10.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,209,959 shares of the financial services provider’s stock worth $139,893,000 after acquiring an additional 1,279,988 shares in the last quarter. Northern Trust Corp raised its position in shares of Barclays by 9.3% in the 2nd quarter. Northern Trust Corp now owns 6,136,590 shares of the financial services provider’s stock valued at $64,986,000 after purchasing an additional 521,524 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Barclays by 14.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,904,900 shares of the financial services provider’s stock valued at $62,533,000 after purchasing an additional 724,794 shares in the last quarter. Finally, Brandes Investment Partners LP raised its position in shares of Barclays by 0.8% in the 2nd quarter. Brandes Investment Partners LP now owns 5,602,988 shares of the financial services provider’s stock valued at $59,336,000 after purchasing an additional 43,360 shares in the last quarter. 2.48% of the stock is currently owned by hedge funds and other institutional investors.

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