Recent exceptional positive changes in investment behavior have benefitted Barclays PLC (NYSE: BCS): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Barclays PLC (NYSE: BCS) has benefited from notable positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BCS is expected to continue to be a Value Builder.
Barclays has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Barclays has a very high Appreciation Score of 99 but a neutral Power Rating of 47, resulting in the Highest Value Trend Rating.
Recent Price Action
Barclays PLC (NYSE: BCS) stock closed at $7.78 on 12/14/23 after a large increase of 4.4%. Moreover, trading volume in this advance was exceptionally high at 204% of normal. The stock has risen 10.0% during the last week and has performed in line with the market over the last nine months.
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