This combined with the sell of the French business and African business will provide Barclays a blessing in the short term, hoping the news will see Barcs start rising, would think if the public vote for the UK to stay in the EU, then this would surge £2.10+ in the coming months.
Barclays PLC (LON:BARC) had its "buy" rating reaffirmed by analysts at Citigroup Inc. (Â Â ). They now have a GBX 200 ($2.86) price target on the stock. Tweet This. Barclays PLC (LON:BARC) had its "buy" rating reaffirmed by analysts at Goldman Sachs (Â Â ). They now have a GBX 265 ($3.78) price target on the stock. Tweet This. Barclays PLC (LON:BARC) had its "overweight" rating reaffirmed by analysts at JPMorgan Chase & Co. (Â Â Â ). They now have a GBX 230 ($3.28) price target on the stock. Tweet This. Barclays PLC (LON:BARC) was given a new GBX 190 ($2.71) price target on by analysts at Morgan Stanley (Â ). They now have a "neutral" rating on the stock. Tweet This. Barclays PLC (LON:BARC) had its price target raised by analysts at Deutsche Bank (Â Â Â Â ) from GBX 178 ($2.54) to GBX 180 ($2.57). They now have a "hold" rating on the stock. Tweet This. Barclays PLC (LON:BARC) had its "buy" rating reaffirmed by analysts at Societe Generale (Â Â Â ). They
Thanks for your time Nims , I think 73p is the Price the government are looking for to sell the rest of the shares they own, looking to find out if its worth holding till then or whether to play it safe & sell at around 70p for still a healthy profit GLA
‘Barclays shares have risen by 16% since we upgraded our recommendation to ‘buy’ [on 4 April]. Even so, we think the shares remain too cheap at the current price and continue to see significant upside from successful execution of management’s strategic plan. Consequently, we reiterate our positive stance.’
What surprised me was that the SP rose after Barcs announced profits being 25% lower than last year. From reading around it seems that the issue is that the non-core Barcs holdings, those that Barcs is getting rid of, have once agin dragged down the proits as a whole. Meanwhile the core Barcs assets have done OK, even the IB has posted good numbers. As such it seems reasonable that once the non-core businesses are no longer on the books the remaining core business should be in a good shape to post nice big numbers.
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