Last checked at 26 Apr 2024 09:45
NatWest profit falls less than feared ahead of state escape
First-quarter profit down 27% in competitive market
*Read more
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Barclays Share News (BARC)
BARC Share
Price
BARC Share
News
BARC Share
Chat
BARC Share
Trades8,907
BARC
Live RNS
BARC Share
Charts
BARC Level 2
Console
BARC Live
Share Price
BARC Broker
Ratings
BARC Directors
Deals
BARC Financial
Diary
BARC
Fundamentals
BARC Short
Positions
BARC
Media
Barclays Information
Share Price Information for Barclays (BARC)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
216.75
Bid:
216.10
Ask:
216.15
Change:
1.85 (0.86%)
Spread:
0.05 (0.023%)
Open:
214.55
High:
216.75
Low:
214.55
Prev. Close:
214.90
Last checked at -
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Barclays slumps as Exane downgrades rating to 'neutral'
Wed, 14th Dec 2016 08:41
(ShareCast News) - Barclays shares were under pressure on Wednesday as Exane downgraded the stock to 'neutral' from 'outperform' but raised the target price to 245p from 228p. Exane said it had become more positive on Barclays earlier in the year due to an improved capital outlook after being "cautiously disposed" to the lender.The issue now is that the shares trade at 0.8 times current tangible net asset value (TNAV) and Exane reckons they could struggle to progress. "Although the TNAV multiple will be less of a focus as profits recover, it will likely provide a ceiling to valuation in the next 12 months given the lacklustre returns generated by the group," Exane analysts said.The analysts said it is possible TNAV will come under material pressure through US litigation charges, the partial reversal of the cashflow hedge reserve, the cost of redeeming preference shares and the potential write-down of US deferred tax assets.As a result, Exane believes TNAV could reduce by 35p by the end of 2017."This would overwhelm underlying earnings, driving TNAV lower and the multiple higher, perhaps to over 0.9 times," Exane said."It could also drag on capital - perhaps by 130bps, slightly more than underlying capital generation."Exane sees adjusted earnings per share improving from 13p in 2016 to 24p in 2019, driving return on tangible equity from 5% to 8%.Further subordinated debt opportunities would raise EPS to 26p and ROTE to 9%.However, with limited distribution potential over the next three years, the present value of this eventual earnings stream is estimated to be 225p, in line with the 12 month target price of 245p. Assuming investment banking revenue of £9bn in 2019, the clearing of expensive debt, an orderly disposal of the Africa business and non-core assets, a US corporate tax cut to 20% and an equity tier 1 ratio of 11-11.5% based on new rules, Exane said it sees a potential EPS of 30p and ROTE of 11% in 2019."Further assuming a cost of equity of 9% would value the shares at 300p in today's terms," Exane said."But given the assumptions made we do not feel it is enough. In addition, many other banks would look equally attractive on this basis. After a good run, we downgrade the shares to 'neutral'."Shares dropped 1.24% to 227.20p at 911 GMT.
More News
26 Apr 2024 09:33
LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:
Read more25 Apr 2024 16:57
LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge
(Alliance News) - London's FTSE 100 outperformed on Thursday, enjoying a solid rise on largely well-received corporate earnings and a share price jump for miner Anglo American after it received a takeover bid from peer BHP.
Read more25 Apr 2024 15:14
London close: Stocks finish mixed as US GDP growth slows
(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.
Read more25 Apr 2024 11:00
Where are Wall Street's analyst notes on Trump's Truth Social?
NEW YORK, April 25 (Reuters) - Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear.
Read more25 Apr 2024 09:19
Barclays Q1 profit falls 12% as trading slump hits
Q1 profit of 2.3 bln pounds, just above forecasts
*Read more25 Apr 2024 08:36
TOP NEWS: Barclays first quarter profit falls but beats expectations
(Alliance News) - Barclays PLC on Thursday reported a fall in first quarter profits as a weak investment banking performance hindered performance.
Read more25 Apr 2024 07:56
REPEAT: Miner Anglo American reviews takeover bid from rival BHP
(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.
Read more25 Apr 2024 07:43
LONDON BRIEFING: Miner Anglo American eyes rival BHP takeover
(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.
Read more25 Apr 2024 07:01
Barclays Q1 profits fall 12%
(Sharecast News) - Barclays Bank reported a 12% fall in first-quarter profit on lower income as customers shopped around for better savings rates and mortgage deals.
Read more24 Apr 2024 22:47
Microsoft-backed Rubrik prices IPO above range at $32 per share, source says
NEW YORK, April 24 (Reuters) - Rubrik, the cybersecurity software startup that counts Microsoft among its investors, priced its initial public offering at $32 per share on Wednesday above its indicated price range, according to a person familiar with the matter.
Read more24 Apr 2024 19:38
Barclays takes EUR260 million loss from Italian mortgage book sale
(Alliance News) - Barclays PLC on Wednesday said it would book a EUR260 million pretax loss after agreeing the disposal of its Italian mortgage portfolio.
Read more24 Apr 2024 11:57
Thursday preview: US Q1 GDP, Barclays in focus
(Sharecast News) - Investors' attention on Thursday will be on a first reading for U.S. gross domestic product growth during the first quarter.
Read more23 Apr 2024 13:26
Gazprom subsidiary ordered to stop Russian lawsuit against UniCredit
LONDON, April 23 (Reuters) - A subsidiary of Russia's Gazprom was on Tuesday ordered by the UK's Supreme Court to stop suing Italian bank UniCredit in Russia over an aborted gas project.
Read more23 Apr 2024 08:26
Britain's FTSE 100 blue-chip stock index hits record high
LONDON, April 23 (Reuters) - Britain's blue-chip FTSE 100 index hit a record high on Tuesday, following last week's sharp selloff, as fears of the Middle East crisis escalating eased and investors looked ahead to top U.S. earnings later in the week.
Read more