Somewhat Favorable Press Coverage Somewhat Likely to Impact Barclays (BCS) Stock Price
Press coverage about Barclays (NYSE:BCS) has trended somewhat positive recently, according to InfoTrie. The research group ranks the sentiment of press coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Barclays earned a coverage optimism score of 1.21 on their scale. InfoTrie also gave news coverage about the financial services provider an news buzz score of 6 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Barclays’ analysis:
- Somewhat Favorable News Coverage Somewhat Likely to Affect Barclays (BCS) Stock Price (americanbankingnews.com)
- Tudor Jones Says Trump Tax Cut May Cause Debt Bubble to Pop (finance.yahoo.com)
- 2 Stocks in a Brexit Tailspin Today (schaeffersresearch.com)
- U.K. Banks – RBS, LYG, BCS – Down Despite Draft Brexit Deal (zacks.com)
- Barclays Faces Expulsion From European Blue-Chip Index on Brexit (finance.yahoo.com)
BCS has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Barclays from a “sell” rating to a “hold” rating in a research report on Monday, July 23rd. ValuEngine upgraded shares of Barclays from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 28th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Barclays in a research report on Tuesday, September 4th. Berenberg Bank upgraded shares of Barclays from a “hold” rating to a “buy” rating in a research report on Monday, October 1st. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of Barclays in a research report on Friday, November 9th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.00.
Barclays (NYSE:BCS) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.11. Barclays had a net margin of 1.94% and a return on equity of 6.30%. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.76 billion. Equities research analysts predict that Barclays will post 1.07 earnings per share for the current fiscal year.
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
Read More: What is a stock buyback?
Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.