HSBC Upgrades Barclays PLC (ADR) to Buy

Brokerage firm HSBC Upgrades its rating on Barclays PLC (ADR)(NYSE:BCS). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by HSBC was issued on Sep 21, 2016.

In a different note, On Aug 8, 2016, Exane BNP Paribas said it Upgrades its rating on Barclays PLC (ADR). The shares have been rated ‘Outperform’ by the firm. On Jul 20, 2016, UBS said it Downgrades its rating on Barclays PLC (ADR). The shares have been rated ‘Neutral’ by the firm. On Jun 28, 2016, Goldman Sachs said it Downgrades its rating on Barclays PLC (ADR). The shares have been rated ‘Neutral’ by the firm. 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.

Barclays PLC (ADR) (BCS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.47% or 0.04 points. Due to strong positive momentum, the stock ended at $8.62, which is also near the day’s high of $8.68. The stock began the session at $8.65 and the volume stood at 42,16,774 shares. The 52-week high of the shares is $15.86 and the 52 week low is $6.76. The company has a current market capitalization of $36,299 M and it has 4,21,10,00,000 shares in outstanding.

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.

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