Barclays PLC (BCS) Expected to Post FY2017 Earnings of $0.41 Per Share
Barclays PLC (NYSE:BCS) – Equities research analysts at Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for shares of Barclays PLC in a research note issued to investors on Monday. Jefferies Group analyst J. Dickerson now expects that the financial services provider will earn $0.41 per share for the year, down from their previous forecast of $1.17. Jefferies Group also issued estimates for Barclays PLC’s FY2018 earnings at $1.16 EPS and FY2019 earnings at $1.23 EPS.
BCS has been the subject of several other reports. Zacks Investment Research raised Barclays PLC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Morgan Stanley raised Barclays PLC from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $11.36 to $11.50 in a research note on Friday, March 17th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Barclays PLC in a research note on Tuesday, March 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Barclays PLC in a research note on Saturday, May 20th. Finally, ValuEngine downgraded Barclays PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Nine equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $31.07.
ILLEGAL ACTIVITY WARNING: “Barclays PLC (BCS) Expected to Post FY2017 Earnings of $0.41 Per Share” was originally published by Financial Market News and is owned by of Financial Market News. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.financial-market-news.com/2017/06/17/barclays-plc-bcs-expected-to-post-fy2017-earnings-of-0-41-per-share.html.
Shares of Barclays PLC (NYSE:BCS) opened at 10.40 on Thursday. Barclays PLC has a 12-month low of $6.76 and a 12-month high of $12.05. The stock has a market cap of $44.00 billion, a price-to-earnings ratio of 22.81 and a beta of 0.86. The company’s 50-day moving average price is $10.77 and its 200 day moving average price is $11.12.
A number of institutional investors have recently bought and sold shares of the company. Raymond James Trust N.A. boosted its position in Barclays PLC by 2.6% in the first quarter. Raymond James Trust N.A. now owns 20,202 shares of the financial services provider’s stock valued at $227,000 after buying an additional 511 shares during the last quarter. Cornerstone Investment Partners LLC boosted its position in Barclays PLC by 19.8% in the first quarter. Cornerstone Investment Partners LLC now owns 12,833 shares of the financial services provider’s stock valued at $144,000 after buying an additional 2,120 shares in the last quarter. Atlas Brown Inc. bought a new position in Barclays PLC during the first quarter valued at approximately $112,000. Wsfs Capital Management LLC bought a new position in Barclays PLC during the fourth quarter valued at approximately $120,000. Finally, Two Sigma Investments LP bought a new position in Barclays PLC during the fourth quarter valued at approximately $151,000. Hedge funds and other institutional investors own 2.48% of the company’s stock.
About Barclays PLC
Receive News & Ratings for Barclays PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays PLC and related companies with MarketBeat.com's FREE daily email newsletter.