Market Runner: Could Barclays PLC (ADR) Rise Even More? The Stock Had Another Big Increase Today

Market Runner: Could Barclays PLC (ADR) Rise Even More? The Stock Had Another Big Increase Today

The stock of Barclays PLC (ADR) (NYSE:BCS) is a huge mover today! About 9.49 million shares traded hands or 57.38% up from the average. Barclays PLC (ADR) (NYSE:BCS) has risen 13.34% since April 8, 2016 and is uptrending. It has outperformed by 7.69% the S&P500.
The move comes after 8 months positive chart setup for the $44.72 billion company. It was reported on Nov, 10 by Barchart.com. We have $14.14 PT which if reached, will make NYSE:BCS worth $17.44B more.

Barclays PLC (ADR) (NYSE:BCS) Ratings Coverage

Out of 12 analysts covering Barclays plc (ADR) (NYSE:BCS), 3 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 25% are positive. Barclays plc (ADR) has been the topic of 19 analyst reports since August 19, 2015 according to StockzIntelligence Inc. As per Tuesday, June 28, the company rating was downgraded by Goldman Sachs. HSBC downgraded the shares of BCS in a report on Tuesday, March 22 to “Hold” rating. The firm earned “Underperform” rating on Monday, June 27 by Jefferies. Vetr upgraded the shares of BCS in a report on Monday, August 24 to “Sell” rating. On Thursday, September 10 the stock rating was downgraded by BNP Paribas to “Underperform”. On Wednesday, October 19 the stock rating was upgraded by Investec to “Buy”. JP Morgan downgraded the stock to “Neutral” rating in Monday, June 27 report. The stock of Barclays PLC (ADR) (NYSE:BCS) earned “Neutral” rating by UBS on Wednesday, July 20. On Wednesday, March 16 the stock rating was downgraded by Wood to “Market Perform”. The stock of Barclays PLC (ADR) (NYSE:BCS) earned “Equal-Weight” rating by Morgan Stanley on Friday, November 20.

According to Zacks Investment Research, “Barclays PLC operates in commercial and investment banking, insurance, financial and other related services. Barclays subsidiary, Barclays Bank PLC maintains 2500 branches in the United Kingdom and 1000 branches in over 75 other countries.”

More important recent Barclays PLC (ADR) (NYSE:BCS) news were published by: Investorplace.com which released: “Trade of the Day: Barclays PLC (ADR) (NYSE:BCS)” on September 29, 2016, also Investorplace.com published article titled: “Why Barclays PLC (ADR) (BCS), Micron Technology, Inc. (MU) and Ryanair …”, Businessfinancenews.com published: “Barclays PLC (ADR): Here Comes the Judgement Day” on June 24, 2016. More interesting news about Barclays PLC (ADR) (NYSE:BCS) was released by: Investorplace.com and their article: “Barclays PLC (ADR) (BCS) Stock: Should You Catch This Falling Knife?” with publication date: June 27, 2016.

BCS Company Profile

Barclays PLC, incorporated on July 20, 1896, is a global financial services holding company. The Firm is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s divisions include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business. The Barclays Corporate & International segment incorporates the Investment Bank segment; the large UK Corporate, and international Corporate and Wealth businesses, and the international Barclaycard business (consisting of the United States, German and Nordic consumer credit cards businesses), and Barclaycard Business Solutions (including merchant acquiring).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment