The stock of Barclays PLC (ADR) (NYSE:BCS) is a huge mover today! About 1.27M shares traded hands. Barclays PLC (ADR) (NYSE:BCS) has declined 15.53% since March 11, 2016 and is downtrending. It has underperformed by 20.99% the S&P500.
The move comes after 8 months positive chart setup for the $35.23B company. It was reported on Oct, 14 by Barchart.com. We have $12.36 PT which if reached, will make NYSE:BCS worth $16.56 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 $251.34 million for 35.04 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 rating was downgraded by JP Morgan on Monday, June 27 to “Neutral”. The firm earned “Buy” rating on Wednesday, September 21 by HSBC. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Friday, November 20. The firm has “Neutral” rating given on Tuesday, June 28 by Goldman Sachs. The firm has “Buy” rating by Natixis given on Friday, October 16. UBS downgraded Barclays PLC (ADR) (NYSE:BCS) on Wednesday, July 20 to “Neutral” rating. The firm has “Underperform” rating given on Thursday, September 10 by BNP Paribas. As per Monday, June 27, the company rating was downgraded by BNP Paribas. BNP Paribas upgraded the stock to “Neutral” rating in Thursday, May 12 report. HSBC downgraded the stock to “Hold” rating in Tuesday, March 22 report.
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.”
Another recent and important Barclays PLC (ADR) (NYSE:BCS) news was published by Investorplace.com which published an article titled: “Trade of the Day: Barclays PLC (ADR) (NYSE:BCS)” on September 29, 2016.
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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