Recent extremely meaningful positive changes in fundamentals have benefitted Barclays PLC (NYSE: BCS): the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for December, 2025 increased significantly, and significant quarterly earnings 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
Reflecting future returns on capital that are forecasted to exceed 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 highly consistent signals. Barclays has a very high Power Rating of 97 and a very high Appreciation Score of 99, leading to the Highest Value Trend Rating.
Recent Price Action
On 8/13/24, Barclays PLC (NYSE: BCS) stock increased 1.5%, closing at $11.40. Moreover, this advance was accompanied by above average trading volume at 126% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 7.6% during the last week.
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