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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 216.15
Bid: 216.10
Ask: 216.15
Change: 0.00 (0.00%)
Spread: 0.05 (0.023%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 216.15
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Deutsche Bank lifts target price for Barclays ahead of quarterly results

Tue, 25th Oct 2016 08:59

(ShareCast News) - Analysts at Deutsche Bank lifted their target price on shares of Barclays ahead of the lender´s third quarter figures due out on 27 October.The broker´s analysts, David Lock and Kinner Lakhani, forecast the London-based investment bank would post profits before tax of £1,857m for the three-month period, alongside a common equity Tier 1 capital ratio of 11.6%.Expectations for revenues at its investment banking arm were high, following the strong performance put in by its US peers on the Fixed Income, Commodities and Currencies side of things.The 18% year-on-year appreciation in the US dollar was also expected to act as a tailwind.Aside from the above, focus would also be on the outlook for margins in its UK business in 2017, its non-core activities and an additional £500m charge related to the payment protection insurance scandal.Nevertheless, on the back of the back of FX and the outlook for its commercial and investment banking revenues Deutsche bank lifted its forecasts for the period running between 2016-2018 and lifted its target price from 176p to 184p.Lock and Lakhani reiterated their recommendation to 'hold'.As regards potential charges for conduct and PPI issues, the analysts had penciled in a further £0.5bn for the third quarter but nothing thereafter.For other litigation issues, predominantly US RMBS, they assumed Barclays would take another £0.5bn charge in the last quarter of 2016, but said that timing and quantum might differ.Every additional £0.5bn charge detracted 15 basis points from the lender´s common equity Tier 1 ratio, they estimated.
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LONDON MARKET OPEN: Stocks slide; banks rise as Barclays outperforms

(Alliance News) - Stock prices in London opened in the red on Tuesday, as European markets failed to find upward momentum amid muted trading in Asia, and Monday's public holiday in the US.

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20 Feb 2024 08:19

TOP NEWS: Barclays eyes GBP2 billion cost cuts and promises returns

(Alliance News) - Barclays PLC on Tuesday announced an efficiency drive, a new divisional reporting line-up and a plan to return GBP10 billion to shareholders over the next three years.

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20 Feb 2024 07:47

LONDON BRIEFING: Barclays announces GBP1b buyback as 2023 profit falls

(Alliance News) - Stocks in London are called lower on Tuesday, following a US holiday, and a mixed performance in Asian markets.

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20 Feb 2024 07:01

Barclays unveils massive overhaul as profits fall 6%

(Sharecast News) - Barclays Bank unveiled a swathe of changes on Tuesday, including a structural overhaul of operations, £2bn in cost cuts and a massive increase in shareholder payouts as annual earnings fell by 6%.

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19 Feb 2024 16:10

Tuesday preview: China rate decision, Barclays in focus

(Sharecast News) - Investors' focus on Tuesday will be on the People's Bank of China's interest rate decision overnight.

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18 Feb 2024 23:26

Sunday newspaper round-up: Currys, Barclays, Homebuilders

(Sharecast News) - China's JD.com has been looking at a possible acquisition offer for Currys. Just the day before the electricals retailer had rebuffed an approach by private equity. Exploratory talks between Currys and JD had been held over the preceding weeks. Additional bidders may appear. It was understood that Currys had been contacted by multiple private equity firms on an informal basis over recent months after it was forced to cut its dividend payout. It was but the latest example of a British business being taken out and for some showed that British businesses were being chronically undervalued. - Sunday Telegraph

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16 Feb 2024 12:07

LONDON MARKET MIDDAY: Stocks up as UK retail sales soften GDP jitters

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16 Feb 2024 08:41

LONDON MARKET OPEN: Stocks climb amid UK retail sales surprise

(Alliance News) - Stock prices in London opened higher on Friday morning, after a sentiment-boosting UK retail sales reading which calmed some nerves about the economy.

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15 Feb 2024 11:59

REPEAT: Barclays bids to buy SocGen's UK private bank - Reuters

(Alliance News) - Barclays PLC is considering bidding to buy the UK private bank of France's Societe Generale SA, Reuters reported on Thursday.

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15 Feb 2024 10:37

PRESS: Barclays bids to buy SogGen's UK private bank - Reuters

(Alliance News) - Barclays PLC is considering bidding to buy the UK private bank of France's Societe Generale SA, Reuters reported on Thursday.

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15 Feb 2024 07:24

Barclays eyes SocGen's UK private bank - report

(Sharecast News) - Barclays is considering bidding for Societe Generale's UK private bank, it was reported on Thursday.

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Relx PLCFull Year Results
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Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

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