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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: 204.85
Bid: 204.75
Ask: 204.80
Change: -3.20 (-1.54%)
Spread: 0.05 (0.024%)
Open: 208.05
High: 208.90
Low: 202.90
Prev. Close: 208.05
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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31 Jul 2023 11:00

Britain's banks told to justify low savings rates by end of August

LONDON, July 31 (Reuters) - Britain's banks and building societies have until the end of August to justify to regulators why some of their savings rates are low or face sanctions, the markets watchdog said on Monday, as Bank of England rates look set to rise to their highest since 2008.

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28 Jul 2023 12:14

Berenberg stays at 'buy' on Barclays, trims target price

(Sharecast News) - Analysts at Berenberg stood by their 'buy' recommendation on shares of Barclays.

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28 Jul 2023 11:56

IN BRIEF: Tekmar agrees banking facilities renewals; trading in line

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Agrees a renewal of its existing banking facilities with Barclays Bank PLC, part of Barclays PLC. Says the trade loan facility is extended until June 15, 2024, maintaining a facility of up to GBP4 million which can be drawn against supplier payments. Also says GBP3 million term loan facility under UK government's coronavirus business interruption loan scheme is extended by a further 12 months until October 31, 2024.

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28 Jul 2023 10:49

BPEA EQT completes $6.5 bln merger of Vistra and Tricor

Combined business has over 9,000 staff

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28 Jul 2023 09:46

LONDON BROKER RATINGS: KBW cuts Aviva 'market perform'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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27 Jul 2023 17:30

UK stocks rise on media stocks boost, global rate pause hopes

Energy shares fall on drop on Shell Q2 profits

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27 Jul 2023 17:03

Euro zone blue-chip shares at 15-year high as ECB fans rate pause hopes

ECB raises rates by 25 bps to 23-year high

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27 Jul 2023 16:58

LONDON MARKET CLOSE: European stocks surge as ECB puts pause on table

(Alliance News) - London's FTSE 100 ended higher on Thursday, while the euro plunged as a rate hike pause has entered into thinking of the European Central Bank.

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27 Jul 2023 09:35

TOP NEWS: Barclays "very confident" for 2023 after strong first half

(Alliance News) - Barclays PLC on Thursday said it showed "stability and strength" in the recent half year with higher return on equity and an increased dividend, and it confirmed positive guidance for all of 2023.

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27 Jul 2023 09:16

Barclays signals profit squeeze as customers take action

LONDON, July 27 (Reuters) - Barclays warned of growing pressure on its UK business as stubborn inflation and high interest rates pushed customers to repay debt and switch into savings, squeezing the bank's margins and hurting its shares despite a fresh share buyback.

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27 Jul 2023 08:52

LONDON MARKET OPEN: Stocks up as investors weigh mixed company results

(Alliance News) - Stock prices in London opened in the green on Thursday, as investors digested the latest swathe of corporate earnings, as well as Wednesday's interest rate announcement from the Federal Reserve.

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27 Jul 2023 07:53

LONDON BRIEFING: Stocks to rise; Frasers, Centrica post strong results

(Alliance News) - Stocks are called higher in London on Thursday, as investors anticipate the end to the Federal Reserve's monetary tightening cycle.

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27 Jul 2023 07:02

Barclays H1 profits surge to £4.5bn but bad loan charges rise

(Sharecast News) - Barclays became the second bank to post surging profits on the back of higher interest rates and lift its provisions for bad loans.

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27 Jul 2023 06:00

Banks tread tricky tightrope with politically exposed clients

LONDON, July 26 (Reuters) - The war of words between NatWest and erstwhile customer Nigel Farage has underscored the challenges global banks face in handling clients who could be defined as a politically exposed person, or PEP.

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26 Jul 2023 13:53

Banks tread tricky tightrope with politically exposed clients

LONDON, July 26 (Reuters) - The war of words between NatWest and erstwhile customer Nigel Farage has underscored the challenges global banks face in handling clients who could be defined as a politically exposed person, or PEP.

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