Barclays (NYSE:BCS) Hits New 1-Year High – Time to Buy?

Barclays PLC (NYSE:BCS) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.85 and last traded at $13.84, with a volume of 1563931 shares changing hands. The stock had previously closed at $13.03.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BCS shares. The Goldman Sachs Group assumed coverage on Barclays in a report on Tuesday, October 8th. They issued a “buy” rating on the stock. StockNews.com downgraded Barclays from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Barclays Price Performance

The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $50.53 billion, a P/E ratio of 9.53, a P/E/G ratio of 0.38 and a beta of 1.41. The company has a 50-day moving average of $13.29 and a 200 day moving average of $12.41.

Barclays (NYSE:BCS) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.56 EPS for the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. The business had revenue of $8.52 billion during the quarter. During the same quarter last year, the business earned $0.42 EPS. On average, sell-side analysts anticipate that Barclays PLC will post 1.54 EPS for the current year.

Hedge Funds Weigh In On Barclays

Institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group bought a new position in Barclays in the 4th quarter valued at $26,000. Versant Capital Management Inc acquired a new stake in shares of Barclays in the 4th quarter valued at $44,000. Symphony Financial Ltd. Co. acquired a new stake in shares of Barclays in the 3rd quarter valued at $42,000. Hexagon Capital Partners LLC increased its stake in shares of Barclays by 32.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,132 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Barclays by 42.6% in the 3rd quarter. GAMMA Investing LLC now owns 9,280 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,774 shares during the period. Institutional investors own 3.39% of the company’s stock.

About Barclays

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.