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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: 216.15
Bid: 216.10
Ask: 216.15
Change: 1.15 (0.53%)
Spread: 0.05 (0.023%)
Open: 212.55
High: 216.65
Low: 210.75
Prev. Close: 215.00
BARC Live PriceLast checked at -

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HSBC raises targets on Barclays and RBS, upgrades Lloyds

Mon, 06th Feb 2017 12:55

(ShareCast News) - It remained to be seen whether the UK had successfully navigated the Brexit storm or if the calm before the storm had lasted longer than initially foreseen, but in any case the implications for UK banks now looked "very different" than they did last summer, HSBC said.To back up their case, analysts Peter Toeman and Robin Down pointed to how long-term rates were now back to their pre-referendum levels - helping to maintain hedge income - and said there was no hint that credit quality had suffered.The direct result of that is that organically generated equity was now available for dividends, instead of being funneled into building common Tier 1 equity.Lloyds had already reached such a point, the investment bank said, as its high levels of revenues and profits per risk weighted assets, when combined, implied underlying dividend growth "well in excess" of 3.0p per share the group was likely to pay out for 2016.Hence HSBC's updated valuation of the lender and decision to bump up its recommendation on its shares from 'Hold' to 'Buy'.In parallel, its target price on Lloyds was hiked from 60p to 75p.Regarding Barclays, Toeman and Down said the sale and disposal of its non-core activities would be "strongly" value accretive.That saw them lift their target on the 'Buy' rated stock from 250p to 260p.Profitability at RBS on the other hand continued to lag that of its peers, so they stood by their 'Sell' recommendation, albeit while at the same time also raising their target from 160p to 210p.
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1 Sep 2023 00:01

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31 Aug 2023 23:16

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29 Aug 2023 17:27

European shares at two-week high; UK's FTSE 100 outperforms

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25 Aug 2023 14:43

Barclays hires internet banker Taylor from Goldman Sachs-memo

Aug 25 (Reuters) - Barclays Plc has hired Emma Taylor, a Goldman Sachs Group Inc technology banker, as global head of internet investment banking, according to an internal memo seen by Reuters.

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18 Aug 2023 10:22

UK banking stocks are undervalued, says Shore Capital

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18 Aug 2023 09:57

Everyman half-year revenue and earnings down; agrees new loan facility

(Alliance News) - Everyman Media Group PLC on Friday said it is trading in line with expectations, although first-half revenue and earnings were lower.

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17 Aug 2023 22:30

Britain makes access to fee-free cash machine a legal right

LONDON, Aug 17 (Reuters) - Nearly everyone in Britain will remain within three miles (4.8 km) of a cash machine that does not charge fees despite the dwindling use of notes and coins, the finance ministry said on Thursday.

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15 Aug 2023 07:49

LONDON BRIEFING: L&G profit falls on investments; M&S outlook rosy

(Alliance News) - Stocks in London are expected to edge up at Tuesday's open, as investors weigh the latest economic data from the UK and Asia.

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14 Aug 2023 17:18

UK watchdog kicks off 'politically-exposed persons' review

LONDON, Aug 14 (Reuters) - Britain's Financial Conduct Authority said on Monday it will ask lawmakers to report any problems they have opening or maintaining a bank account ahead of a formal investigation.

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13 Aug 2023 18:29

US Steel to explore strategic alternatives after unsolicited bids

Aug 13 (Reuters) - United States Steel said on Sunday it is initiating a formal review to evaluate strategic alternatives for the steel producer after receiving multiple unsolicited bids for part or all of its business.

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10 Aug 2023 17:30

British equities rise as travel stocks rally after China lifts travel curbs

China eased travel restrictions

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9 Aug 2023 16:16

FTSE 100 movers: Commodity stocks rise, Hiscox sinks

(Sharecast News) - Mining stocks were up across the board on Wednesday, clawing back losses after a poor showing the previous session as weak economic data from China fuelled concerns over demand.

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3 Aug 2023 20:39

UBS taps Barclays semiconductors banker Anissimov-sources

NEW YORK, Aug 3 (Reuters) - UBS Group AG has hired semiconductors banker Dmitri Anissimov from Barclays Plc , according to people familiar with the matter.

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3 Aug 2023 19:13

UK's Hunt asks financial watchdog to urgently review 'debanking' concerns

LONDON, Aug 3 (Reuters) - British finance minister Jeremy Hunt said on Thursday he had asked the country's financial services watchdog to urgently investigate terminations of bank accounts and suggested that lenders who have broken the law should be fined.

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3 Aug 2023 18:35

Britain's banks told to give data on terminating customer accounts

LONDON, Aug 3 (Reuters) - Britain's Financial Conduct Authority said on Thursday it will ask banks and building societies for data on customer account terminations to check if they were justified or break the law.

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