why Barclays plc ADR [BCS] is a Good Choice for Investors After New Price Target of $14.02

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Barclays plc ADR [NYSE: BCS] price plunged by -4.70 percent to reach at -$0.57.

The one-year BCS stock forecast points to a potential upside of 17.62. The average equity rating for BCS stock is currently 1.89, trading closer to a bullish pattern in the stock market.

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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 $14.02 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.

Kepler have made an estimate for Barclays plc ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 05, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on May 09, 2024, representing the official price target for Barclays plc ADR stock. Previously, the target price had yet another drop from $8.77 to $7.31, while BofA Securities kept a Underperform rating on BCS stock.

The Average True Range (ATR) for Barclays plc ADR is set at 0.31, with the Price to Sales ratio for BCS stock in the period of the last 12 months amounting to 1.33. The Price to Book ratio for the last quarter was 0.58.

BCS Stock Performance Analysis:

Barclays plc ADR [BCS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.23. With this latest performance, BCS shares gained by 6.55% in over the last four-week period, additionally plugging by 28.05% over the last 6 months – not to mention a rise of 54.62% 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 46.50, with the RSI for the last a single of trading hit 42.80, and the three-weeks RSI is set at 48.79 for Barclays plc ADR [BCS]. The present Moving Average for the last 50 days of trading for this stock 11.59, while it was recorded at 11.86 for the last single week of trading, and 9.60 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 5.12.

BCS Stock EPS

With the latest financial reports released by the company, Barclays plc ADR posted 0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.32. 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

There are presently around $5.41%, or 5.41%% of BCS stock, in the hands of institutional investors. The top three institutional holders of BCS stocks are: ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with ownership of 29.98 million shares, which is approximately 0.2001%. ACADIAN ASSET MANAGEMENT LLC, holding 19.68 million shares of the stock with an approximate value of $$210.76 million in BCS stocks shares; and ACADIAN ASSET MANAGEMENT LLC, currently with $$187.33 million in BCS stock with ownership which is approximately 0.1167%.