Jefferies Group Analysts Lower Earnings Estimates for Barclays PLC (BCS)
Barclays PLC (NYSE:BCS) – Research analysts at Jefferies Group decreased their Q3 2016 earnings per share estimates for Barclays PLC in a research report issued on Monday. Jefferies Group analyst J. Dickerson now expects that the brokerage will post earnings of $0.00 per share for the quarter, down from their previous estimate of $0.06. Jefferies Group currently has a “Underperform” rating and a $115.00 target price on the stock. Jefferies Group also issued estimates for Barclays PLC’s Q4 2016 earnings at $0.00 EPS, FY2016 earnings at $0.30 EPS and FY2017 earnings at $0.75 EPS.
Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Barclays PLC from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a research note on Friday, September 9th. Citigroup Inc. reiterated a “sell” rating on shares of Barclays PLC in a research report on Wednesday, August 31st. Exane BNP Paribas upgraded shares of Barclays PLC from a “neutral” rating to an “outperform” rating in a research report on Monday, August 8th. Deutsche Bank AG reiterated a “hold” rating on shares of Barclays PLC in a research report on Sunday, June 26th. Finally, HSBC upgraded shares of Barclays PLC from a “hold” rating to a “buy” rating and upped their price target for the stock from $6.76 to $8.62 in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.34.
Barclays PLC (NYSE:BCS) opened at 8.92 on Wednesday. The stock has a 50 day moving average of $8.70 and a 200 day moving average of $9.03. Barclays PLC has a 52 week low of $6.76 and a 52 week high of $15.86. The firm’s market cap is $30.84 billion.
The firm also recently announced a dividend, which was paid on Monday, September 19th. Investors of record on Friday, August 12th were paid a dividend of $0.052 per share. The ex-dividend date of this dividend was Wednesday, August 10th. Barclays PLC’s payout ratio is -31.25%.
A number of hedge funds have recently bought and sold shares of BCS. Lincluden Management Ltd. boosted its stake in Barclays PLC by 2.1% in the second quarter. Lincluden Management Ltd. now owns 164,524 shares of the financial services provider’s stock worth $1,250,000 after buying an additional 3,402 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Barclays PLC by 0.5% in the second quarter. Sterling Capital Management LLC now owns 17,517 shares of the financial services provider’s stock worth $133,000 after buying an additional 83 shares during the last quarter. Cypress Wealth Advisors LLC acquired a new stake in Barclays PLC during the second quarter worth about $113,000. Brigade Capital Management LP acquired a new stake in Barclays PLC during the second quarter worth about $7,600,000. Finally, Allen Investment Management LLC acquired a new stake in Barclays PLC during the second quarter worth about $286,000. 2.95% of the stock is owned by institutional investors and hedge funds.
Barclays PLC Company Profile
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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