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Barclays Share Chat (BARC)



Share Price: 189.20Bid: 189.15Ask: 189.20Change: 0.00 (0.00%)No Movement on Barclays
Spread: 0.05Spread as %: 0.03%Open: 189.30High: 190.30Low: 187.95Yesterday’s Close: 189.20


Share Discussion for Barclays


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boonie
Posts: 815
Off Topic
Opinion:No Opinion
Price:189.20
Barc
Tue 19:10
Barclays PLC (ADR) (NYSE: BCS) shares have underperformed the EU bank sector by 29 percent in 2017, with the stock stuck below $10.

The underperformance has prompted Bank of America Merrill Lynch to upgrade the shares of Barclays by two notches.

The Analyst

BofA Merrill Lynch analyst Michael Helsby upgraded shares of Barclays from Underperform to Buy.

The Thesis

The reflation exuberance of the second half of 2016 reversed in 2017, with the bank's investment banking business suffering from low volatility and some self-imposed mishaps, Helbsy said in a Monday note. (See Helbsy's track record here.)

The analyst said he believes the British bank's low earnings expectations and depressed share price make for a buying opportunity.

The Price Action

Barclays shares are down over 9 percent year-to-date. The stock closed Monday's session at $9.97, up 2.15 percent.
 
MrWolf
Posts: 1,442
Off Topic
Opinion:No Opinion
Price:189.35
Typical Barclays
Tue 12:05
Has anyone got any paint they need watching, whilst it dries ?
boonie
Posts: 815
Off Topic
Opinion:No Opinion
Price:189.10
Barc
Tue 09:02
Oliver Haill
WebFG News
20 Nov, 2017 16:42
20 Nov, 2017 16:42
Barclays Can Beat Low Expectations In Coming Quarters, Merrill Upgrades

Barclays

189.15
08:46:10 21/11/17
0.21%
0.40
FTSE 100

7,387.70
08:46:11 21/11/17
-0.02%
-1.76
FTSEurofirst 300

1,518.17
08:46:00 21/11/17
-0.03%
-0.41
Banks

4,377.86
07:45 21/11/17
-0.32%
-14.21
FTSE 350

4,107.65
08:46:11 21/11/17
-0.04%
-1.66
FTSE All-Share

4,056.64
08:46:09 21/11/17
-0.03%
-1.42
Banking

0.00
16:17 25/09/06
0.00%
0.00
Barclays shares have lagged the European banking sector in 2017 and for Bank of America Merrill Lynch sit at a low enough level to beat exceptions in the coming months and have been upgraded to 'buy'.

Merrill, which moved its recommendation up from 'underperform' previously and upped its price objective to 220p from 180p, acknowledged that Barclays has had a difficult 18 months, with the 'reflation' of last year reversing as its investment bank was hit by lower volatility and "suffered from some self-imposed mishaps" as the previously productive IB balance sheet was shrunk and ineffective.

Analysts at Merrill think sentiment is "back at a low-ebb" such that consensus earnings per share forecasts for the current year "has finally rebased".

Looking at Barclays' plan to boost return on tangible equity 10%, around half of the increase is from "low hanging fruit, 10% from plausible growth, with the remainder coming from turning around the IB".

While Merrill is not currently forecasting that Barclays will achieve its goals, the rebased fourth-quarter expectations, an easy comparative to beat in the first quarter of 2018 and Barclays shares "at a post crisis relative low", the shares were felt to merit their upgrade.

"Barclays IB enters 2018 with a re-invigorated strategy, bigger balance sheet and new leadership team. Based on historic returns we think it is reasonable to assume that greater productive assets will drive revenues higher. With volatility back at lows, we think it also reasonable to expect a pick-up in volumes too," analysts wrote in a note on Monday.

The forecast for adjusted EPS falls by 19% in 2017 to 13.1p and 10% in 2018 to 18.1p.

"2017 should mark the trough and by 2020 we think it is plausible to believe that Barclays has 25p of earnings power, rising to 28-30p if management can deliver on its plans."
trend364
Posts: 100
Off Topic
Opinion:No Opinion
Price:189.25
RE: Trend364
Tue 08:15
thanks again for your thoughts, ATB
Andreaban
Posts: 425
Off Topic
Opinion:No Opinion
Price:188.75
Merrill upgrades
Tue 07:24
Barclays can beat low expectations in coming quarters..
scooter786
Posts: 27
Off Topic
Opinion:No Opinion
Price:188.75
RE: HALFMIST
Mon 23:07
Yes I wholeheartedly agree with you ATB
TheDukeBrothers
Posts: 17
Off Topic
Opinion:No Opinion
Price:188.75
RE: Smart Investors
Mon 17:10
Moved my funds in Sep' they are a waste of space.
MrWolf
Posts: 1,442
Off Topic
Opinion:No Opinion
Price:188.50
Trend364
Mon 16:18
Do hope they are, just as long as we see a slight pull back this week.
Not being greedy, 3% would be fantastic.
It resisted today on the 2nd support of the Q3 drop.
The yanks are knocking on their $10.00's atm.
Intersting comparing the charts both sides of the pond.
JAAR1
Posts: 28
Off Topic
Opinion:No Opinion
Price:188.40
RE: Smart Investors
Mon 15:56
I too am in the process of transferring all my investments away from Barclays and judging by the time it is taking they must have a massive backlog with alot of investors voting with their feet. The problem is of their own making and yes heads should roll. I have now sold my shareholding and will be moving my current account elsewhere soon. I have no confidence in this outfit what so ever.
trend364
Posts: 100
Off Topic
Opinion:No Opinion
Price:188.90
RE: Share Price
Mon 15:19
Now Merrill Lynch upgrade. Well Mr W, all the brokers appear to be reacting to your charts! lol




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