Barclays plc ADR [NYSE: BCS] stock went on an upward path that rose over 1.88% on Friday, amounting to a one-week price increase of more than 1.88%. The company report on February 27, 2024 at 8:00 AM that Barclays and Blackstone Credit & Insurance Agree to Sale of Credit Card Receivables.
Barclays PLC (“Barclays”) and Blackstone Credit & Insurance (“Blackstone”) today announced that Barclays Bank Delaware (“BBDE”) has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables (the “Transaction”) in relation to a defined set of Barclays-branded credit card accounts in the United States of America (the “Accounts”). This is the first in a series of activities Barclays plans to conduct to reduce its risk-weighted assets (RWAs) and create additional lending capacity for BBDE.
As part of the Transaction, BBDE will enter into a long-term strategic forward flow sale and servicing arrangement with Blackstone related to the Accounts. Blackstone’s investment will be made entirely on behalf of the firm’s insurance clients.
Over the last 12 months, BCS stock rose by 2.36%. The one-year Barclays plc ADR stock forecast points to a potential upside of 20.62. The average equity rating for BCS stock is currently 1.89, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $32.80 billion, with 3.79 billion shares outstanding and 3.59 billion shares in the current float. Compared to the average trading volume of 17.16M shares, BCS stock reached a trading volume of 15269966 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Barclays plc ADR [BCS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BCS shares is $10.91 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 1.89. 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.
BofA Securities have made an estimate for Barclays plc ADR shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 26, 2023. The new note on the price target was released on September 26, 2023, representing the official price target for Barclays plc ADR stock.
The Average True Range (ATR) for Barclays plc ADR is set at 0.20, with the Price to Sales ratio for BCS stock in the period of the last 12 months amounting to 1.04. The Price to Book ratio for the last quarter was 0.44.
BCS Stock Performance Analysis:
Barclays plc ADR [BCS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.88. With this latest performance, BCS shares gained by 14.85% in over the last four-week period, additionally plugging by 13.80% over the last 6 months – not to mention a rise of 2.36% 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 71.09, with the RSI for the last a single of trading hit 75.55, and the three-weeks RSI is set at 67.34 for Barclays plc ADR [BCS]. The present Moving Average for the last 50 days of trading for this stock 7.78, while it was recorded at 8.57 for the last single week of trading, and 7.59 for the last 200 days.
Insight into Barclays plc ADR Fundamentals:
Barclays plc ADR’s liquidity data is similarly interesting compelling, with a Current Ratio set at 2.01.
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 ADR go to 2.10%.
Barclays plc ADR [BCS] Institutonal Ownership Details
The top three institutional holders of BCS stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BCS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BCS stock with ownership which is approximately 5.8325%.
