Market Runner: Barclays PLC (ADR) on Focus After Crashing In Today’s Session

Market Runner: Barclays PLC (ADR) on Focus After Crashing In Today's Session

The stock of Barclays PLC (ADR) (NYSE:BCS) is a huge mover today! About 4.54 million shares traded hands. Barclays PLC (ADR) (NYSE:BCS) has declined 10.30% since March 4, 2016 and is downtrending. It has underperformed by 18.33% the S&P500.
The move comes after 7 months negative chart setup for the $36.52B company. It was reported on Oct, 7 by Barchart.com. We have $8.11 PT which if reached, will make NYSE:BCS worth $2.19 billion less.

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 $253.90M for 35.96 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 of Barclays PLC (ADR) (NYSE:BCS) has “Sell” rating given on Monday, August 24 by Vetr. The firm earned “Neutral” rating on Thursday, May 12 by BNP Paribas. On Wednesday, March 16 the stock rating was downgraded by Wood to “Market Perform”. The stock of Barclays PLC (ADR) (NYSE:BCS) earned “Hold” rating by Berenberg on Friday, January 22. The firm has “Neutral” rating given on Wednesday, July 20 by UBS. The firm has “Underperform” rating by BNP Paribas given on Thursday, September 10. The rating was downgraded by Jefferies to “Underperform” on Monday, June 27. The firm earned “Equal-Weight” rating on Friday, November 20 by Morgan Stanley. The firm has “Neutral” rating given on Monday, June 27 by BNP Paribas. The stock of Barclays PLC (ADR) (NYSE:BCS) earned “Hold” rating by HSBC on Tuesday, March 22.

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 recent Barclays PLC (ADR) (NYSE:BCS) news were published by: Investorplace.com which released: “Trade of the Day: Barclays PLC (ADR) (NYSE:BCS)” on September 29, 2016. Also Businessfinancenews.com published the news titled: “Barclays PLC (ADR): Here Comes the Judgement Day” on June 24, 2016. Investorplace.com‘s news article titled: “Why Barclays PLC (ADR) (BCS), Micron Technology, Inc. (MU) and Ryanair …” with publication date: June 27, 2016 was also an interesting one.

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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