Sunday, April 11, 2021

Barclays PLC [BCS] is 24.53% higher this YTD. Is it still time to buy?

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Barclays PLC [NYSE: BCS] stock went on an upward path that rose over 1.32% on Wednesday, amounting to a one-week price decrease of less than -2.07%. The company report on February 26, 2021 that Barclays Bank PLC Announces Extension of Cash Tender Offer and Consent Solicitation.

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Barclays Bank PLC (the “Issuer”) announced that it has extended the expiration date of its previously announced cash tender offer (the “Offer”) to purchase any and all of its iPath® Bloomberg Natural Gas Subindex Total ReturnSM ETNs due October 22, 2037(Ticker: GAZZF / CUSIP: 06739H644 /ISIN: US06739H6449) (the “Notes” or “ETNs”) and solicitation of consents (the “Consent Solicitation”) from holders of the Notes (the “Noteholders”) to amend certain provision of the Notes (the “Proposed Amendment”), subject to applicable offer and distribution restrictions set out in the Amended and Restated Offer to Purchase and Consent Solicitation Statement dated February 26, 2021 (which may be further amended or supplemented from time to time, the “Statement”). Noteholders who validly tender (and do not validly withdraw) their Notes will be deemed to have consented to the Proposed Amendment under the Consent Solicitation.


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The Offer and Consent Solicitation were previously scheduled to expire at 5:00 p.m., New York City time, on February 25, 2021 and will instead expire at 5:00 p.m., New York City time, on March 30, 2021 (the “Expiration Date), unless further extended or early terminated by the Issuer, in which case notification to that effect will be given by or on behalf of the Issuer in accordance with the methods set out in the Statement. The purchase price of the Notes will remain at $0.10 (10 cents) per Note (the “Purchase Price”).

Over the last 12 months, BCS stock rose by 125.11%. The one-year Barclays PLC stock forecast points to a potential upside of 11.08. The average equity rating for BCS stock is currently 1.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $43.64 billion, with 4.33 billion shares outstanding and 4.32 billion shares in the current float. Compared to the average trading volume of 7.31M shares, BCS stock reached a trading volume of 7077042 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Barclays PLC [BCS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BCS shares is $11.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BCS stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Barclays PLC shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 16, 2021. The new note on the price target was released on March 12, 2021, representing the official price target for Barclays PLC stock.

The Average True Range (ATR) for Barclays PLC is set at 0.31 The Price to Book ratio for the last quarter was 0.47, with the Price to Cash per share for the same quarter was set at 290.72.

BCS Stock Performance Analysis:

Barclays PLC [BCS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.07. With this latest performance, BCS shares gained by 10.93% in over the last four-week period, additionally plugging by 112.61% over the last 6 months – not to mention a rise of 125.11% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BCS stock in for the last two-week period is set at 61.92, with the RSI for the last a single of trading hit 59.10, and the three-weeks RSI is set at 62.41 for Barclays PLC [BCS]. The present Moving Average for the last 50 days of trading for this stock 8.70, while it was recorded at 9.98 for the last single week of trading, and 6.79 for the last 200 days.

Insight into Barclays PLC Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Barclays PLC [BCS] shares currently have an operating margin of +12.82. Barclays PLC’s Net Margin is presently recorded at +5.53.

Return on Total Capital for BCS is now 1.85, given the latest momentum, and Return on Invested Capital for the company is 1.04. Return on Equity for this stock inclined to 2.82, with Return on Assets sitting at 0.12. When it comes to the capital structure of this company, Barclays PLC [BCS] has a Total Debt to Total Equity ratio set at 249.46. Additionally, BCS Total Debt to Total Capital is recorded at 71.38, with Total Debt to Total Assets ending up at 10.10. Long-Term Debt to Equity for the company is recorded at 163.98, with the Long-Term Debt to Total Capital now at 46.92.

Reflecting on the efficiency of the workforce at the company, Barclays PLC [BCS] managed to generate an average of $18,386 per employee.

BCS Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BCS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Barclays PLC go to -0.60%.

Barclays PLC [BCS] Insider Position Details

There are presently around $840 million, or 2.00% of BCS stock, in the hands of institutional investors. The top three institutional holders of BCS stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 17,859,690, which is approximately 7.654% of the company’s market cap and around 12.00% of the total institutional ownership; PARAMETRIC PORTFOLIO ASSOCIATES LLC, holding 7,239,468 shares of the stock with an approximate value of $72.03 million in BCS stocks shares; and NORTHERN TRUST CORP, currently with $46.97 million in BCS stock with ownership of nearly -5.875% of the company’s market capitalization.

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Positions in Barclays PLC stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 103 institutional holders increased their position in Barclays PLC [NYSE:BCS] by around 10,069,628 shares. Additionally, 107 investors decreased positions by around 6,945,583 shares, while 44 investors held positions by with 67,444,331 shares. The mentioned changes placed institutional holdings at 84,459,542 shares, according to the latest SEC report filing. BCS stock had 52 new institutional investments in for a total of 5,678,935 shares, while 25 institutional investors sold positions of 602,630 shares during the same period.

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