Important Rating: Credit Suisse Covers Barclays PLC (ADR) (NYSE:BCS). What Is Next?

November 30, 2016 - By Marie Mckinney

Important Rating: Credit Suisse Covers Barclays PLC (ADR) (NYSE:BCS). What Is Next?

How Credit Suisse Rates Barclays PLC (ADR) (NYSE:BCS)

New York: Barclays PLC (ADR) (NYSE:BCS) coverage was initiated with a “Outperform” rating by analysts at Credit Suisse. This was shared with investors in a note on Tuesday, 29 November.

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

Out of 13 analysts covering Barclays plc (ADR) (NYSE:BCS), 3 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 23% are positive. Barclays plc (ADR) has been the topic of 21 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Investec upgraded the shares of BCS in a report on Wednesday, October 19 to “Buy” rating. The rating was upgraded by Investec on Tuesday, August 25 to “Sell”. The company was upgraded on Thursday, May 26 by BNP Paribas. The rating was downgraded by Bank of America on Monday, June 27 to “Neutral”. The rating was downgraded by Berenberg to “Sell” on Wednesday, August 19. The stock of Barclays PLC (ADR) (NYSE:BCS) has “Hold” rating given on Friday, November 11 by Investec. Wood downgraded Barclays PLC (ADR) (NYSE:BCS) on Wednesday, March 16 to “Market Perform” rating. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, June 28. The firm earned “Sell” rating on Monday, August 24 by Vetr. The stock has “Neutral” rating given by BNP Paribas on Monday, June 27.

The stock increased 2.22% or $0.23 on November 29, hitting $10.61. Barclays PLC (ADR) (NYSE:BCS) has risen 4.02% since April 27, 2016 and is uptrending. It has underperformed by 1.21% 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 $44.58 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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