Barclays PLC (ADR) (NYSE:BC) currently trades at $11.39 which is about -0.78% lower than the 52-week high of $12.05. The trading volume at ready counter moved to 3.03M shares as compared to 4.22M shares average traded volume. The stock failed to get pushed above the $11.49 barrier, the intraday high, after opening at $11.45. Analysts have a consensus target price of $11.10 in the 12-month period. Its market capitalization has now reached to $48.08B.
Barclays PLC (ADR) (NYSE:BC) was dropped to Underweight from Equal Weight at Barclays. It has earned a consensus buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 3 have assigned a hold rating, Zero says it’s a buy and 1 has assigned a strong buy rating to the company.
Barclays PLC (ADR) (BC) on December 12, 2016 announced it has realigned the management structure at its Recreational Boat Group, which manufactures and markets Bayliner and Sea Ray boats.
As part of this realignment, Tim Schiek and Scott Kent are leaving the Company to pursue other interests. Respectively, they had served as president – Recreational Boat Group, and chief financial officer – Recreational Boat Group. Neither of these positions will be replaced. While Schiek is leaving immediately, Kent will remain in a transition role reporting to Brunswick Boat Group President Huw Bower.
To further reinforce the category structure introduced earlier this year, Brad Anderson and Scott Ward will report to Bower, and are appointed president and general manager – Sea Ray Sport Boat and Cruisers and president and general manager – Sea Ray Sport Yachts and Yachts, respectively. “Brad and Scott will continue to operate following their current charters: to continue to build upon momentum in the sport boat and cruiser categories, and to improve performance in our yacht business,” Bower said.
“The caliber and leadership of this team are well known and the individuals highly regarded in the industry,” Bower said. “With thanks and gratitude to both Tim and Scott for their years of service and leadership, the Recreational Boat Group is prepared to move forward to meet the challenges and opportunities ahead.”
The new structure, according to Bower, will “deliver sharper focus on the performance of these core brands, drive efficiency across the Recreational Boat Group and further emphasize growth drivers within the Boat Group`s portfolio of 16 brands.”
The Brunswick Boat Group, part of Brunswick Corporation (BC), includes the Recreation Boat Group, Freshwater Boat Group, the Boston Whaler Group and European Boat Group. Brunswick boat brands include Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris, Lowe, Lund, Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern.