Barclays PLC (NYSE:BCS) sank -3.13% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -24.7% and is now up by 6.76% since start of this year. A look at its monthly performance shows that the stock has recorded a -0.74% fall over the past 30 days. Its equity price dipped by -13.16% over the past three months which led to its overall six-month decrease to stand at -19.26%.
The shares of Barclays PLC (BCS) dropped by -35.86% or -$4.5 from its last recorded high of $12.55 which it attained on April 13 to close at $8.05 per share. Over the past 52 weeks, the shares of Barclays PLC has been trading as low as $7.07 before witnessing a massive surge by 13.86% or $0.98. This price movement has led to the BCS stock receiving more attention and has become one to watch out for. It dipped by -0.98% on Monday and this got the market worried. The stock’s beta now stands at 0.81 and when compared to its 200-day moving average and its 50-day moving average, BCS price stands -14.51% below and 0.21% above respectively. Its average daily volatility for this week is 1.39% which is less than the 1.61% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Barclays PLC with most of them predicting a $8.94 price target on a short-term (12 months) basis. The average price target by the analysts will see a 11.06% rise in the stock and would lead to BCS’s market cap to surge to $38.17B. The stock has been rated an average 0, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 1 analysts that track Barclays PLC (NYSE:BCS) and find out that 1 of them rated it as a Hold. 0 of the 0 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at BCS technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 44.25 point. Its trading volume has lost -1833643 shares compared to readings over the past three months as it recently exchanged 2586357 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 4420000 shares, and this is 0.59 times the normal volume.
The price of Credit Suisse Group AG (NYSE:CS) currently stands at $11.68 after it went down by $-0.02 or -0.17% and has found a strong support at $11.63 a share. If the CS price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $11.57 mark would also be bad for the stock as it means that the stock would plunge by 0.94% from its current position. However, if the stock price is able to trade above the resistance point around $11.75, then it could likely surge higher to try and break the upward resistance which stands at $11.81 a share. Its average daily volatility over the past one month stands at 1.41%. The stock has plunged by 85.93% from its 52-weeks high of $1.6431 which it reached on Feb. 27, 2018. In general, it is 12.41% above its 52-weeks lowest point which stands at $10.23 and this setback was observed on Dec. 26, 2018.
Analysts have predicted a price target for Credit Suisse Group AG (CS) for 1 year and it stands at an average $15.5/share. This means that it would likely increase by 32.71% from its current position. The current price of the stock has been moving between $11.6431 and $11.76. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $12.24. On the other hand, one analyst is super bullish about the price, setting a target as high as $21.93.
The CS stock Stochastic Oscillator (%D) is at 22.17%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 1.66 which compares to the 8.12 recorded by the industry or the 10.37 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 7.77, which is lower than the 15.87 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -7.2% over the past five years.
Analysts view Credit Suisse Group AG (NYSE:CS) as a Buy, with 0 consensus rating. Reuters surveyed 1 analysts that follow CS and found that 0 of those analysts rated the stock as a Hold. The remaining 1 were divided, with 1 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Credit Suisse Group AG (CS) shares or sell it if they already own it.
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