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Barclays plc ADR (NYSE:BCS) Shares Surged 6.44% In A Week – But Will They Keep Going Up?

In recent trading session, Barclays plc ADR (NYSE:BCS) saw 3.38 million shares changing hands at last check today with its beta currently measuring 1.41. Company’s recent per share price level of $7.14 trading at $0.2 or 2.91% at last check today assigns it a market valuation of $26.89B. That most recent trading price of BCS’s stock is at a discount of -32.21% from its 52-week high price of $9.44 and is indicating a premium of 12.75% from its 52-week low price of $6.23. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.49 million shares which gives us an average trading volume of 10.14 million if we extend that period to 3-months.

For Barclays plc ADR (BCS), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.94. Splitting up the data highlights that, out of 17 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 10 see the stock as a Buy. 2 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.

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Barclays plc ADR (NYSE:BCS) trade information

Upright in the green today for gaining 2.91%, in the last five days BCS remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $7.14 price level. Barclays plc ADR’s shares saw a change of -8.44% in year-to-date performance and have moved 6.44% in past 5-day. Barclays plc ADR (NYSE:BCS) showed a performance of -0.53% in past 30-days. Number of shares sold short was 4.77 million shares which calculate 0.39 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $10.00 to the stock, which implies a rise of 28.6% to its recent value today. Analysts have been projecting $6.58 as a low price target for the stock while placing it at a high target of $14.61. It follows that stock’s current price would drop -104.62% in reaching the projected high whereas dropping to the targeted low would mean a gain of 7.84% for stock’s current value.

Barclays plc ADR (BCS) estimates and forecasts

Statistics highlight that Barclays plc ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -10.61% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is 6.90.

In 2023, company’s earnings growth rate is likely to be around -0.40% while estimates for its earnings growth in next 5 years are of -0.60%.

BCS Dividends

Barclays plc ADR is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Barclays plc ADR (NYSE:BCS)’s Major holders

Insiders are in possession of 0.00% of company’s total shares while institution are holding 3.39 percent of that, with stock having share float percentage of 3.39%. Investors also watch the number of corporate investors in a company very closely, which is 3.39% institutions for Barclays plc ADR that are currently holding shares of the company. Dimensional Fund Advisors LP is the top institutional holder at BCS for having 17.97 million shares of worth $141.26 million. And as of Jun 29, 2023, it was holding 0.47% of the company’s outstanding shares.

The second largest institutional holder is Arrowstreet Capital, Limited Partnership, which was holding about 16.41 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.43% of outstanding shares, having a total worth of $129.0 million.

On the other hand, DFA International Value Series and Dimensional ETF Tr-Dimensional International Value ETF are the top two Mutual Funds which own company’s shares. As of Jul 30, 2023, the former fund manager was holding 7.17 million shares of worth $57.29 million or 0.19% of the total outstanding shares. The later fund manager was in possession of 3.47 million shares on Jul 30, 2023, making its stake of worth around $27.72 million in the company or a holder of 0.09% of company’s stock.

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