I take the view that broker ratings are a useful guide, however it is dangerous to blindly follow them. Lots of people on this forum will slate the brokers, but they are not stupid and can be useful, if only to demonstrate an element of confidence in a share at a certain price. If a broker rating was cast iron we would all be very rich right now. At the end of the day there is a large element of luck in investments for most people, unless you are WB and looking over the longer term (12 months +) it can be difficult, if not impossible, to predict with any certainty what will happen to a share day to day, week to week, especially BARC, which seems to be very sensitive. Having said all of the above I will finish with a prediction of my own at breaking £2.50 by February. I use to day/week trade this share but no longer have the time to monitor it, thus my current plan is topping up when it falls below £2.30 and biding my time. Dividends always help, it will be interesting to see the reaction (if any) to more concrete news in this regard.
Pierssmith, Broker ratings are indications for investment by the investment banks to their clients so you have to take the difficult decision to believe Goldman, Credit Suiisse, Deutche etc or you could listen to Kovalic who shares a short term trading view. Difficult decision to take...I think not!! Good luck and 300 next year in my sights....
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