Can Barclays PLC (BCS) stock recover despite sales dropping?

In yesterday’s Wall Street session, Barclays PLC (NYSE:BCS) shares traded at $8.22, up 0.74% from the previous session.

20 analysts cover Barclays PLC (NYSE:BCS), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $16.27 and a low of $8.84, we find $11.66. Given the previous closing price of $8.16, this indicates a potential upside of 42.89 percent. BCS stock price is now 5.53% away from the 50-day moving average and 6.15% away from the 200-day moving average. The market capitalization of the company currently stands at $31.68B.

The stock has received a hold rating from 6 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $11.79 as their price target over the next twelve months.

A total of 12.00% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in BCS stock. A new stake in Barclays PLC shares was purchased by JANE STREET GROUP, LLC during the first quarter worth $34,967,000. OPTIVER HOLDING B.V. invested $34,615,000 in shares of BCS during the first quarter. In the first quarter, GROUP ONE TRADING, L.P. acquired a new stake in Barclays PLC valued at approximately $3,596,000. OLD MISSION CAPITAL, LLC acquired a new stake in BCS for approximately $3,278,000. ORION PORTFOLIO SOLUTIONS, LLC purchased a new stake in BCS valued at around $1,764,000 in the second quarter. In total, there are 341 active investors with 3.50% ownership of the company’s stock.

On Monday morning Barclays PLC (NYSE: BCS) stock kicked off with the opening price of $8.20. During the past 12 months, Barclays PLC has had a low of $5.89 and a high of $9.44. The fifty day moving average price for BCS is $7.80 and a two-hundred day moving average price translates $7.75 for the stock.

The latest earnings results from Barclays PLC (NYSE: BCS) was released for Mar, 2023.

Moreover, the firm recently paid out its quarterly dividend on 03/31/2023. Investors who held shares on 02/24/2023 were paid a $0.24354 dividend. On an annualized basis, this represents a $0.56 dividend and a 6.81% percent yield. There was an ex-dividend date of 02/23/2023 for this dividend. In terms of dividend payout ratio, BCS is presently at 10.40%.

Barclays PLC(BCS) Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through two segments, Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services. The company also engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1690 and is headquartered in London, the United Kingdom.

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