Brokers Offer Predictions for Barclays PLC’s FY2018 Earnings (BCS)
Barclays PLC (NYSE:BCS) – Jefferies Group decreased their FY2018 earnings per share (EPS) estimates for Barclays PLC in a report released on Monday. Jefferies Group analyst J. Dickerson now anticipates that the brokerage will earn $0.91 per share for the year, down from their previous forecast of $0.94. Jefferies Group currently has a “Underperform” rating and a $115.00 price objective on the stock.
BCS has been the subject of a number of other reports. Shore Capital reiterated a “buy” rating on shares of Barclays PLC in a report on Monday, August 1st. Zacks Investment Research downgraded Barclays PLC from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Deutsche Bank AG reiterated a “hold” rating on shares of Barclays PLC in a report on Thursday, May 26th. JPMorgan Chase & Co. downgraded Barclays PLC from an “overweight” rating to a “neutral” rating in a report on Monday, June 27th. Finally, BNP Paribas downgraded Barclays PLC from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned 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 $37.34.
Shares of Barclays PLC (NYSE:BCS) traded up 1.222% on Tuesday, hitting $9.029. The stock had a trading volume of 3,913,883 shares. Barclays PLC has a 52 week low of $6.76 and a 52 week high of $15.86. The company’s market cap is $31.22 billion. The stock’s 50-day moving average price is $8.70 and its 200 day moving average price is $9.03.
The business also recently disclosed a dividend, which was paid on Monday, September 19th. Shareholders of record on Friday, August 12th were issued a $0.052 dividend. The ex-dividend date was Wednesday, August 10th. Barclays PLC’s dividend payout ratio is presently -31.25%.
A number of institutional investors have recently made changes to their positions in the stock. Green Square Capital LLC bought a new position in shares of Barclays PLC during the second quarter valued at $102,000. First Allied Advisory Services Inc. bought a new position in shares of Barclays PLC during the second quarter valued at $110,000. Cypress Wealth Advisors LLC bought a new position in shares of Barclays PLC during the second quarter valued at $113,000. Berkeley Capital Partners LLC boosted its position in shares of Barclays PLC by 13.4% in the first quarter. Berkeley Capital Partners LLC now owns 13,533 shares of the financial services provider’s stock valued at $117,000 after buying an additional 1,595 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Barclays PLC during the second quarter valued at $128,000. 2.95% of the stock is owned by hedge funds and other institutional investors.
About Barclays PLC
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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