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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 199.18
Bid: 199.20
Ask: 199.26
Change: 8.04 (4.21%)
Spread: 0.06 (0.03%)
Open: 195.96
High: 201.15
Low: 194.00
Prev. Close: 191.14
BARC Live PriceLast checked at -

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Broker snap: Investec gives differing outlooks on Barclays and Lloyds

Fri, 22nd Feb 2013 11:05

Investec analysts on Friday retained a 'sell' recommendation for Lloyds Banking Group stocks, but upgraded Barclays to 'buy'.The two UK banks have been making headlines in recent months for alleged financial wrongdoings. Barclays was hit by a string of scandals in relation to LIBOR rigging, while Lloyds was fined for delaying payment protection insurance compensation to customers. However, they received two very different reviews from Investec on Friday.Investec told investors to "get back on it" and buy stocks in Barclays as the bank undergoes a massive restructuring to boost results. "We remain unwilling to join the growing ranks of the "Barclays £4 club" - on a 12 month view, we do not regard 1.1 x 2013 estimated tangible net asset value as a credible aspiration in a transitional year," the broker said in response to brokers who gave the bank a 400p target price. "However, we do see the post-results retracement as overdone in both relative and absolute terms. After huge out-performance up to and including February 12th, Barclays has been the sector's worst performer since then. We tweak our forecasts to capture benefit from the £/$ collapse, and upgrade back to 'buy'." Nevertheless, Investec told investors to "stand well clear" of stocks in Lloyds and issued a target price of 46p.Looking ahead at the future of Lloyds, Investec said it expects the bank to announce an underlying profit before tax of £2.4bn for 2012 which translates to an attributable loss of £1.8bn. "Despite a return to modest profitability in 2013 estimate, we then expect tangible net asset value to fall to 55p. Lloyds already trades on 1.0x 2013 estimated tangible net assets value which cannot be justified by our return on equity forecasts of 2.0% in 2013, 6.0% in 2014 and 8.0% in 2015."RD
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Today 09:19

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Today 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.

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24 Apr 2024 19:38

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Gazprom subsidiary ordered to stop Russian lawsuit against UniCredit

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23 Apr 2024 08:26

Britain's FTSE 100 blue-chip stock index hits record high

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23 Apr 2024 07:59

Citi remains 'overweight' UK banks; HSBC and Barclays 'top picks'

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UK earnings, trading statements calendar - next 7 days

Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
Mobico Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Hikma Pharmaceuticals PLCTrading Statement
Focusrite PLCHalf Year Results
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
  
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