The stock of Barclays PLC (ADR) (NYSE:BCS) is a huge mover today! About 7.60 million shares traded hands or 35.96% up from the average. Barclays PLC (ADR) (NYSE:BCS) has declined 9.88% since February 26, 2016 and is downtrending. It has underperformed by 20.31% the S&P500.
The move comes after 5 months positive chart setup for the $36.77B company. It was reported on Oct, 1 by Barchart.com. We have $11.89 PT which if reached, will make NYSE:BCS worth $13.24 billion more.
Analysts await Barclays PLC (ADR) (NYSE:BCS) to report earnings on November, 3. They expect $0.06 EPS, down 79.31% or $0.23 from last year’s $0.29 per share. BCS’s profit will be $252.43 million for 36.42 P/E if the $0.06 EPS becomes a reality. After $0.52 actual EPS 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. The stock has “Neutral” rating given by BNP Paribas on Thursday, May 12. The firm earned “Neutral” rating on Monday, June 27 by JP Morgan. The firm has “Sell” rating by Vetr given on Monday, August 24. The rating was upgraded by Investec on Tuesday, August 25 to “Sell”. The stock of Barclays PLC (ADR) (NYSE:BCS) has “Market Perform” rating given on Wednesday, March 16 by Wood. The firm earned “Positive” rating on Thursday, May 26 by BNP Paribas. BNP Paribas downgraded the stock to “Neutral” rating in Monday, June 27 report. The firm has “Neutral” rating by UBS given on Wednesday, July 20. The firm earned “Underperform” rating on Thursday, September 10 by BNP Paribas. The firm earned “Equal-Weight” rating on Friday, November 20 by Morgan Stanley.
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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