Barclays (NYSE:BCS) Reaches New 12-Month High – What’s Next?

Barclays PLC (NYSE:BCS)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $27.29 and last traded at $27.23, with a volume of 828937 shares. The stock had previously closed at $26.75.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BCS. Zacks Research downgraded shares of Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, January 22nd. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a research report on Tuesday, December 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Barclays Price Performance

The stock’s 50 day simple moving average is $24.93 and its 200-day simple moving average is $22.00. The stock has a market capitalization of $94.85 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.41 and a beta of 0.96. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.41 and a quick ratio of 1.41.

Barclays (NYSE:BCS) last released its quarterly earnings data on Tuesday, September 30th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $9.21 billion during the quarter. Barclays had a net margin of 21.26% and a return on equity of 8.19%. On average, analysts expect that Barclays PLC will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BCS. Oppenheimer & Co. Inc. lifted its holdings in shares of Barclays by 1.1% during the third quarter. Oppenheimer & Co. Inc. now owns 42,600 shares of the financial services provider’s stock worth $881,000 after buying an additional 482 shares during the last quarter. Diversified Trust Co. boosted its position in shares of Barclays by 0.4% during the 4th quarter. Diversified Trust Co. now owns 122,957 shares of the financial services provider’s stock valued at $3,129,000 after acquiring an additional 507 shares in the last quarter. AMG National Trust Bank boosted its holdings in Barclays by 0.5% during the second quarter. AMG National Trust Bank now owns 105,707 shares of the financial services provider’s stock valued at $1,965,000 after purchasing an additional 561 shares in the last quarter. Parallel Advisors LLC grew its position in Barclays by 3.0% in the third quarter. Parallel Advisors LLC now owns 19,183 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 563 shares during the period. Finally, Aprio Wealth Management LLC grew its holdings in shares of Barclays by 2.9% in the 4th quarter. Aprio Wealth Management LLC now owns 20,605 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 586 shares during the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.