Barclays’ (BCS) Sell Rating Reaffirmed at Goldman Sachs Group

Goldman Sachs Group reissued their sell rating on shares of Barclays (NYSE:BCS) in a research report report published on Tuesday.

Several other research firms have also recently weighed in on BCS. ValuEngine raised shares of Barclays from a hold rating to a buy rating in a research note on Monday, October 2nd. Zacks Investment Research cut shares of Barclays from a hold rating to a strong sell rating in a research note on Tuesday, November 28th. Macquarie raised shares of Barclays from an underperform rating to a neutral rating in a research note on Wednesday, November 29th. Bank of America raised shares of Barclays from an underperform rating to a buy rating in a research note on Monday, November 20th. Finally, Keefe, Bruyette & Woods raised shares of Barclays from an underperform rating to a market perform rating in a research note on Tuesday, October 31st. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $11.25.

Barclays (NYSE BCS) traded down $0.17 during trading hours on Tuesday, hitting $10.21. 2,217,200 shares of the company traded hands, compared to its average volume of 2,986,958. Barclays has a twelve month low of $9.29 and a twelve month 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 PE ratio of 15.04, a PEG ratio of 0.69 and a beta of 0.95.

A number of hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its position in Barclays by 34.0% during the third quarter. Sterling Capital Management LLC now owns 26,391 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 6,697 shares during the period. Cubist Systematic Strategies LLC bought a new position in Barclays during the third quarter worth $805,000. Oppenheimer Asset Management Inc. boosted its position in Barclays by 10.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 336,823 shares of the financial services provider’s stock worth $3,486,000 after purchasing an additional 32,772 shares during the period. Trexquant Investment LP bought a new position in Barclays during the third quarter worth $533,000. Finally, Morningstar Investment Services LLC boosted its position in Barclays by 15.5% during the third quarter. Morningstar Investment Services LLC now owns 59,890 shares of the financial services provider’s stock worth $620,000 after purchasing an additional 8,036 shares during the period. 2.48% of the stock is owned by hedge funds and other institutional investors.

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