The stock of Barclays PLC (ADR) (NYSE:BCS) is a huge mover today! About 4.12M shares traded hands. Barclays PLC (ADR) (NYSE:BCS) has declined 11.60% since March 15, 2016 and is downtrending. It has underperformed by 17.09% the S&P500.
The move comes after 5 months positive chart setup for the $36.17 billion company. It was reported on Oct, 18 by Barchart.com. We have $12.16 PT which if reached, will make NYSE:BCS worth $15.19B more.
Analysts await Barclays PLC (ADR) (NYSE:BCS) to report earnings on November, 3. They expect $0.06 earnings per share, down 79.31% or $0.23 from last year’s $0.29 per share. BCS’s profit will be $253.53M for 35.67 P/E if the $0.06 EPS becomes a reality. After $0.52 actual earnings per share reported by Barclays PLC (ADR) for the previous quarter, Wall Street now forecasts -88.46% negative EPS growth.
Barclays PLC (ADR) (NYSE:BCS) Ratings Coverage
Out of 12 analysts covering Barclays plc (ADR) (NYSE:BCS), 2 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 17% are positive. Barclays plc (ADR) has been the topic of 18 analyst reports since August 19, 2015 according to StockzIntelligence Inc. On Wednesday, March 16 the stock rating was downgraded by Wood to “Market Perform”. The company was downgraded on Thursday, September 10 by BNP Paribas. On Monday, June 27 the stock rating was downgraded by BNP Paribas to “Neutral”. The rating was upgraded by BNP Paribas on Thursday, May 12 to “Neutral”. The firm earned “Positive” rating on Thursday, May 26 by BNP Paribas. The firm earned “Buy” rating on Friday, October 16 by Natixis. The firm has “Buy” rating given on Wednesday, September 21 by HSBC. The company was downgraded on Tuesday, March 22 by HSBC. The stock of Barclays PLC (ADR) (NYSE:BCS) earned “Equal-Weight” rating by Morgan Stanley on Friday, November 20. The stock of Barclays PLC (ADR) (NYSE:BCS) has “Neutral” rating given on Tuesday, June 28 by Goldman Sachs.
According to Zacks Investment Research, “Barclays PLC operates in commercial and investment banking, insurance, financial and other related services. Barclays subsidiary, Barclays Bank PLC maintains 2500 branches in the United Kingdom and 1000 branches in over 75 other countries.”
More news for Barclays PLC (ADR) (NYSE:BCS) were recently published by: Investorplace.com, which released: “Trade of the Day: Barclays PLC (ADR) (NYSE:BCS)” on September 29, 2016. Investorplace.com‘s article titled: “Why Barclays PLC (ADR) (BCS), Micron Technology, Inc. (MU) and Ryanair …” and published on June 27, 2016 is yet another important article.
BCS Company Profile
Barclays PLC, incorporated on July 20, 1896, is a global financial services holding company. The Firm is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s divisions 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. The Barclays Corporate & International segment incorporates the Investment Bank segment; the large UK Corporate, and international Corporate and Wealth businesses, and the international Barclaycard business (consisting of the United States, German and Nordic consumer credit cards businesses), and Barclaycard Business Solutions (including merchant acquiring).
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