Q3 2016 EPS Estimates for Barclays PLC (BCS) Decreased by Analyst
Barclays PLC (NYSE:BCS) – Equities research analysts at Jefferies Group decreased their Q3 2016 earnings estimates for Barclays PLC in a research note issued on Monday. Jefferies Group analyst J. Dickerson now forecasts that the brokerage will earn $0.00 per share for the quarter, down from their previous forecast of $0.06. Jefferies Group currently has a “Underperform” rating and a $115.00 target price on the stock. Jefferies Group also issued estimates for Barclays PLC’s Q4 2016 earnings at $0.00 EPS, FY2016 earnings at $0.30 EPS and FY2017 earnings at $0.75 EPS.
Several other research firms have also commented on BCS. Exane BNP Paribas raised Barclays PLC from a “neutral” rating to an “outperform” rating in a research report on Monday, August 8th. Deutsche Bank AG reissued a “neutral” rating on shares of Barclays PLC in a research report on Thursday, June 16th. Investec lowered Barclays PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, May 25th. BNP Paribas raised Barclays PLC from a “neutral” rating to an “outperform” rating in a research report on Monday, August 8th. Finally, Goldman Sachs Group Inc. lowered Barclays PLC from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Barclays PLC presently has an average rating of “Hold” and an average target price of $46.91.
Barclays PLC (NYSE:BCS) traded up 2.78% on Wednesday, hitting $8.86. The stock had a trading volume of 3,157,245 shares. The company has a 50 day moving average price of $8.67 and a 200-day moving average price of $9.03. Barclays PLC has a 52-week low of $6.76 and a 52-week high of $15.86. The company’s market cap is $30.63 billion.
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The business also recently announced a dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were paid a $0.052 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. Barclays PLC’s payout ratio is -31.25%.
Several hedge funds have recently modified their holdings of BCS. Lincluden Management Ltd. increased its stake in shares of Barclays PLC by 2.1% in the second quarter. Lincluden Management Ltd. now owns 164,524 shares of the financial services provider’s stock worth $1,250,000 after buying an additional 3,402 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Barclays PLC by 0.5% in the second quarter. Sterling Capital Management LLC now owns 17,517 shares of the financial services provider’s stock worth $133,000 after buying an additional 83 shares during the last quarter. Cypress Wealth Advisors LLC bought a new stake in shares of Barclays PLC during the second quarter worth approximately $113,000. Brigade Capital Management LP bought a new stake in shares of Barclays PLC during the second quarter worth approximately $7,600,000. Finally, Allen Investment Management LLC bought a new stake in shares of Barclays PLC during the second quarter worth approximately $286,000. Hedge funds and other institutional investors own 2.95% of the company’s stock.
Barclays PLC Company Profile
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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