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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: 202.35
Bid: 202.15
Ask: 202.25
Change: 1.35 (0.67%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.40
Low: 199.58
Prev. Close: 201.00
BARC Live PriceLast checked at -

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Investec upgrades Barclays to 'buy'

Wed, 19th Oct 2016 09:08

(ShareCast News) - Investec upgraded Barclays to 'buy' from 'hold' and lifted the price target to 200p from 195p.The brokerage said that it acknowledges the rationale for an element of near-term caution in the context of the likely impact of a fresh PPI charge and pension headwind in the third quarter.However, given the likelihood of a substantial third quarter consensus beat on 27 October and a now material £/$ tailwind for earnings/tangible net asset value, the stock is a little too cheap trading on 0.6x 2016-18e tNAV.Investec forecasts a further £500m PPI charge in Q3 which, along with pension headwinds, should preclude any capital build in the quarter.However, it estimates pre-tax profit of £1.72bn, which is 33% ahead of company-compiled consensus."Clearly there is fresh encouragement for Investment Banking revenues in the context of strong FICC performance from JP Morgan, Citigroup and Bank of America (all not rated) - up 48%/35%/39% year-on-year respectively in Q3 2016," the brokerage said.At 0934 BST, the shares were up 1.4% to 176.45p.
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24 Nov 2023 11:42

LONDON MARKET MIDDAY: Stocks edge lower in quiet Thanksgiving trade

(Alliance News) - Stock prices in London were down midday on Friday, in a quiet day of trade as the Thanksgiving holiday saw global markets "hit the snooze button."

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24 Nov 2023 09:20

PRESS: Barclays works on plan to cut 2,000 back office jobs - Reuters

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24 Nov 2023 08:41

Barclays looking to save up to £1bn; 2,000 jobs at risk - report

(Sharecast News) - Barclays is reportedly working on plans to save as much as £1bn, which could result in as many as 2,000 job losses, mainly in the bank's back office.

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23 Nov 2023 11:28

Greencore signs new GBP350 million sustainability-linked facility

(Alliance News) - Greencore Group PLC on Thursday said it signed a new five-year GBP350 million sustainability-linked revolving credit facility.

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21 Nov 2023 06:24

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(Alliance News) - Europe's 20 largest banks have been accused of a "structural lack of transparency" over their green finance activities.

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17 Nov 2023 15:18

Barclays exploring acquisition of Tesco Bank - report

(Sharecast News) - Barclays has reportedly been exploring a potential acquisition of Tesco's banking operations.

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17 Nov 2023 09:55

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

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

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12 Nov 2023 20:09

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27 Oct 2023 17:08

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LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

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