Recent extremely meaningful positive changes in investment behavior have benefitted Barclays PLC (NYSE: BCS): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and positive upside/downside volume developed.
Barclays PLC (NYSE: BCS) has recently enjoyed minor positive changes in fundamentals. Positive developments: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred. Negative development: the consensus estimate for December, 2024 decreased significantly.
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
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BCS is expected to continue to be a modest 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 48, leading to the Highest Value Trend Rating.
Recent Price Action
Barclays PLC (NYSE: BCS) stock rose slightly by 0.2% on 2/26/24. The stock closed at $8.52. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 15.6% during the last week.
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