Rating Summary: Credit Suisse Says Its Time To “Outperform” Barclays PLC (NYSE:BCS)

November 29, 2016 - By Darrin Black

Rating Summary: Credit Suisse Says Its Time To

How Credit Suisse Rates Barclays PLC (NYSE:BCS)

Professional analysts at Credit Suisse has “Outperform” rating on Barclays PLC (NYSE:BCS). The firm has initiated coverage on BCSin analysts report issued on Tuesday morning.

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

Out of 12 analysts covering Barclays plc (ADR) (NYSE:BCS), 2 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 17% are positive. Barclays plc (ADR) has been the topic of 20 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The stock has “Equal-Weight” rating given by Morgan Stanley on Friday, November 20. Investec upgraded the shares of BCS in a report on Tuesday, August 25 to “Sell” rating. The stock of Barclays PLC (ADR) (NYSE:BCS) earned “Hold” rating by Investec on Friday, November 11. The firm has “Sell” rating by Berenberg given on Wednesday, August 19. The stock has “Hold” rating given by Berenberg on Friday, January 22. The rating was downgraded by Goldman Sachs to “Neutral” on Tuesday, June 28. The stock of Barclays PLC (ADR) (NYSE:BCS) earned “Hold” rating by HSBC on Tuesday, March 22. The rating was downgraded by Wood on Wednesday, March 16 to “Market Perform”. The company was initiated on Friday, October 16 by Natixis. The firm has “Neutral” rating given on Monday, June 27 by JP Morgan.

About 1.05 million shares traded hands. Barclays PLC (ADR) (NYSE:BCS) has risen 2.37% since April 26, 2016 and is uptrending. It has underperformed by 2.89% the S&P500.

Analysts await Barclays PLC (ADR) (NYSE:BCS) to report earnings on March, 7.

Barclays PLC is a global financial services holding company. The company has a market cap of $44.83 billion. The Firm is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. It currently has negative earnings. The Company’s divisions include Barclays UK and Barclays Corporate & International.

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.”

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).

More 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 Businessfinancenews.com published the news titled: “Barclays PLC (ADR): Here Comes the Judgement Day” on June 24, 2016. Investorplace.com‘s news article titled: “Why Barclays PLC (ADR) (BCS), Micron Technology, Inc. (MU) and Ryanair …” with publication date: June 27, 2016 was also an interesting one.

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