Barclays PLC (NYSE:BCS) finished Thursday with a subtraction of -$0.01 to close at $7.33, a downside of -0.14 percent. An average of 7,819,840 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 9,257,660 shares traded, while the 50-day average volume stands at 8,860,716.
BCS stock has decreased by -14.77% in the last month. The company shares reached their 1-month lowest point of $7.26 on 08/23/23. With the stock rallying to its 52-week high on 02/09/23, shares of the company touched a low of $5.89 and a high of $9.44 in 52 weeks. It has reached a new high 15 times so far this year and lost -6.03% or -$0.47 in price. In spite of this, the price is down -22.31% from the 52-week high.
Valuation Metrics
Barclays PLC (BCS) has a trailing price-to-earnings (P/E) ratio of 4.15. The stock’s beta is 1.39. Other valuation ratios to consider include the price-to-book (PB) ratio at 0.33.
The company has a payout ratio of 20.47%. The company’s most recent quarterly dividend payment was $0.1398 a share, representing a up of 34.42% from $0.1040 last year. Its latest increase dividend $0.0358 reported on Thursday July 27 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.71 and a total debt to equity ratio of 1.71 for the recent quarter. Its gross profit as reported stood at $30.87 billion compared to revenue of $30.87 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Barclays PLC (BCS) price momentum. RSI 9-day as of the close on 24 August was 36.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.07%.
As of today, BCS’s price is $7.34 -1.08% or -$0.08 from its 5-day moving average. BCS is currently trading -6.51% lower than its 20-day SMA and +1.95% higher than its 100-day SMA. However, the stock’s current price level is -7.80% below the SMA50 and +2.66% above the SMA200.
The stochastic %K and %D were 9.88% and 10.50%, respectively, and the average true range (ATR) was 0.14. With the 14-day stochastic at 12.96% and the average true range at 0.15, the RSI (14) stands at 38.66%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.13.
Analyst Ratings
Exane BNP Paribas downgraded Barclays PLC (NYSE: BCS) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Barclays PLC (BCS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BCS, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
What is BCS’s price target for the next 12 months?
Analysts predict a range of price targets between $8.74 and $16.45, with a median target of $11.06. Taking a look at these predictions, the average price target given by analysts for Barclays PLC (BCS) stock is $11.63.
