FY2018 EPS Estimates for Barclays PLC (BCS) Reduced by Jefferies Group
Barclays PLC (NYSE:BCS) – Jefferies Group cut their FY2018 earnings per share estimates for Barclays PLC in a report issued on Monday. Jefferies Group analyst J. Dickerson now forecasts that the brokerage will post earnings of $0.91 per share for the year, down from their prior forecast of $0.94. Jefferies Group currently has a “Underperform” rating and a $115.00 price target on the stock.
Other analysts have also issued research reports about the stock. Shore Capital reissued a “buy” rating on shares of Barclays PLC in a research report on Monday, August 1st. Deutsche Bank AG reaffirmed a “hold” rating on shares of Barclays PLC in a research note on Thursday, May 26th. Zacks Investment Research raised shares of Barclays PLC from a “sell” rating to a “hold” rating in a research note on Friday, August 26th. JPMorgan Chase & Co. cut shares of Barclays PLC from an “overweight” rating to a “neutral” rating in a research note on Monday, June 27th. Finally, BNP Paribas cut shares of Barclays PLC from an “outperform” rating to a “neutral” rating in a research note on Monday, June 27th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Barclays PLC has a consensus rating of “Hold” and a consensus price target of $46.91.
Barclays PLC (NYSE:BCS) traded up 0.35% during midday trading on Tuesday, reaching $8.61. 3,215,669 shares of the company traded hands. The company has a 50 day moving average of $8.65 and a 200-day moving average of $9.04. The stock’s market capitalization is $29.77 billion. Barclays PLC has a 12-month low of $6.76 and a 12-month high of $15.86.
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The company also recently declared a dividend, which was paid on Monday, September 19th. Investors of record on Friday, August 12th were issued a dividend of $0.052 per share. The ex-dividend date was Wednesday, August 10th. Barclays PLC’s dividend payout ratio is currently -31.25%.
A number of large investors have recently bought and sold shares of BCS. Green Square Capital LLC purchased a new stake in Barclays PLC during the second quarter worth approximately $102,000. First Allied Advisory Services Inc. purchased a new stake in Barclays PLC during the second quarter worth approximately $110,000. Cypress Wealth Advisors LLC purchased a new stake in Barclays PLC during the second quarter worth approximately $113,000. Berkeley Capital Partners LLC raised its stake in Barclays PLC by 13.4% in the first quarter. Berkeley Capital Partners LLC now owns 13,533 shares of the financial services provider’s stock worth $117,000 after buying an additional 1,595 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in Barclays PLC during the second quarter worth approximately $128,000. Institutional investors own 3.06% of the company’s stock.
About Barclays PLC
Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.
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