Goldman Sachs Downgrades Barclays PLC (ADR) to Neutral

Brokerage firm Goldman Sachs Downgrades its rating on Barclays PLC (ADR)(NYSE:BCS). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Goldman Sachs was issued on Jun 28, 2016.

In a different note, On Jun 27, 2016, Jefferies said it Downgrades its rating on Barclays PLC (ADR). The shares have been rated ‘Underperform’ by the firm. On Jun 27, 2016, BNP Paribas said it Downgrades its rating on Barclays PLC (ADR). The shares have been rated ‘Neutral’ by the firm. On Jun 27, 2016, Bank of America said it Downgrades its rating on Barclays PLC (ADR). The shares have been rated ‘Neutral’ by the firm. On Jun 27, 2016, JP Morgan said it Downgrades its rating on Barclays PLC (ADR). The shares have been rated ‘Neutral’ by the firm. On May 26, 2016, Exane BNP Paribas said it Upgrades its rating on Barclays PLC (ADR). The shares have been rated ‘Positive’ by the firm. On May 12, 2016, Exane BNP Paribas said it Upgrades its rating on Barclays PLC (ADR). The shares have been rated ‘Neutral’ by the firm.

Barclays PLC (ADR) (BCS) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.13% at a volume of 1,28,26,665. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.64. The peak price level was also seen at $7.64 while the days lowest was $7.53. Finally the shares closed at $7.59. The 52-week high of the shares is $18.05 while the 52-week low is $6.76. According to the latest information available, the market cap of the company is $31,961 M.

Barclays PLC (Barclays) is a global financial services holding company. The Company operates in five business segments: Personal and Corporate Banking (PCB) Barclaycard Africa Banking Investment Bank and Head Office. Barclays Bank PLC is a wholly owned subsidiary of Barclays. The Personal and Corporate Banking (PCB) comprises personal banking mortgages wealth & investment management and corporate banking. Barclaycard is an international payments services provider. The Africa Banking business is managed under three primary businesses. Its businesses include retail and business banking (RBB); wealth investment management and insurance (WIMI); corporate and investment banking (CIB) as well as an Africa Head Office function. The Investment Bank consists of origination-led and returns-focused markets. Head Office comprises head office and central support functions. It also includes the businesses in transition and consolidation adjustments.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Barclays PLC (ADR) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Barclays PLC (ADR). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.