Exceptional positive changes in fundamentals have recently occurred for Barclays PLC (NYSE: BCS): the consensus estimate for December, 2024 increased significantly, the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Barclays PLC (NYSE: BCS) has recently enjoyed significant positive changes in investment behavior: positive upside/downside volume developed.
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
BCS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Barclays has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Barclays has a good Power Rating of 70 and a very high Appreciation Score of 99, and the Highest Value Trend Rating results.
Recent Price Action
Barclays PLC (NYSE: BCS) stock closed at $8.97 on 3/8/24 after a slight decline of -0.6%. NORMAL trading volume accompanied the decline. The stock has risen 5.5% during the last week and has performed in line with the market over the last nine months.
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