The trading price of Barclays PLC (NYSE:BCS) closed higher on Tuesday, July 20, closing at $8.94, 1.71% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $8.67 and $9.015. The company’s P/E ratio in the trailing 12-month period was 10.76, while its 5Y monthly beta was 1.50. In examining the 52-week price action we see that the stock hit a 52-week high of $10.78 and a 52-week low of $4.60. Over the past month, the stock has lost -6.49% in value.
Barclays PLC, whose market valuation is $38.83 billion at the time of this writing. The dividend yield on the company stock is 0.67%, while its Forward Dividend ratio is 0.06. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Barclays PLC No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest BCS has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently Hold.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned BCS a recommendation rating is 22. Out of them, 6 rate it a Hold, while 15 recommend Buy, whereas 0 assign an Overweight rating. 1 analyst(s) have tagged Barclays PLC (BCS) as Underweight, while 0 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that BCS’s price is currently -7.13% off the SMA20 and -11.09% off the SMA50. The RSI metric on the 14-day chart is currently showing 33.01, and weekly volatility stands at 2.68%. When measured over the past 30 days, the indicator reaches 1.96%. Barclays PLC (NYSE:BCS)’s beta value is currently sitting at 1.58, while the Average True Range indicator is currently displaying 0.26. With analysts defining $9.46-$16.61 as the low and high price targets, we arrive at a consensus price target of $11.93 for the trailing 12-month period. The current price is about -5.82% off the estimated low and -85.79% off the forecast high, based on this estimate. Investors will be thrilled if BCS’s share price rises to $12.00, which is the median consensus price. At that level, BCS’s share price would be -34.23% below current price.
To see how Barclays PLC stock has been performing in comparison to its peers in the industry, here are the numbers: BCS stock’s performance was 1.71% in the latest trading, and 53.34% in the past year, while Lloyds Banking Group plc (LYG) has traded 1.72% on the day and positioned 60.14% higher than it was a year ago. Another comparable company Banco Santander S.A. (SAN) saw its stock close 1.16% higher in the most recent trading session but was up 47.64% in a year. Furthermore, Deutsche Bank Aktiengesellschaft (DB) showed an increase of 1.37% on the day while its price kept inclining at 16.60% over the past year. Barclays PLC has a P/E ratio of 10.76, compared to Lloyds Banking Group plc’s 35.91 and Banco Santander S.A.’s 0. Also in last trading session, the S&P 500 Index has surged 1.52%, while the Dow Jones Industrial also saw a positive session, up 1.62% on the day.
An evaluation of the daily trading volume of Barclays PLC (NYSE:BCS) indicates that the 3-month average is 5.88 million. However, this figure has increased over the past 10 days to an average of 4.24 million.
Currently, records show that 4.31 billion of the company’s shares remain outstanding. The insiders hold 12.00% of outstanding shares, whereas institutions hold 2.10%. The stats also highlight that short interest as of May 27, 2021, stood at 5.93 million shares, resulting in a short ratio of 0.81 at that time. From this, we can conclude that short interest is 0.14% of the company’s total outstanding shares. It is noteworthy that short shares in May were up slightly from the previous month’s figure, which was 5.38 million. However, since the stock’s price has seen 11.89% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.