The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
As of Mar 31, 2017, the consensus forecast amongst 25 polled investment analysts covering Barclays PLC advises investors to hold their position in the company. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Jun 27, 2016. The previous consensus forecast advised that Barclays PLC would outperform the market. Previous recommendations 1yr ago 3M ago 2M ago 1M ago Latest Select bar for recommendation details. Recommendations 1yr ago Latest Buy 8 2 Outperform 7 8 Hold 8 12 Underperform 1 1 Sell 1 2 Share price forecast The 20 analysts offering 12 month price targets for Barclays PLC have a median target of 240.00, with a high estimate of 280.00 and a low estimate of 190.00. The median estimate represents a 9.79% increase from the last price of 218.60. Past 12 months Next 12 months 200.0 300.0 High 28.1% 280.00 Med 9.8% 240.00 Low -13.1% 190.00 Dividends In 2016, Barclays PLC reported a dividend of 0.03 GBP, which represents a 53.85% decrease from last year. The 21 analysts covering the company expect dividends of 0.03 GBP for the upcoming fiscal year, maintaining dividends from this year.
Barclays is to claw back most of the £27 million owed from the controversial pre-pack administration of Agent Provocateur, while suppliers are set to miss out on about £20 million. Unsecured creditors have been left with an estimated debt of £20.7 million and are set to receive 2.9p in the pound, according to documents filed at Companies House by Alix Partners, administrator to the lingerie chain. It compares with Barclays, Agent Provocateur’s lender, which is in line to suffer a small shortfall, the administrator’s proposals show.
Barclays Africa Exit Looking Like Good Timing Barclays investors can take comfort that the bank has cushion against further trouble in South Africa By PAUL J. DAVIES Updated April 4, 2017 8:45 a.m. ET Barclays’s decision to get out of Africa is looking smarter as economic and political risks churn away. Investors can take comfort that the bank has some cushion against further trouble.
Barclays figures today are, like Lloyds’ yesterday, a breath of fresh air after a fetid decade of scandal and financial pain. Jes Staley and chairman John McFarlane have stabilised the bank, readied it for the new, ring-fenced world and made it a real contender on Wall Street thanks to a revived investment banking arm. How much it has contracted is stark: at its Bob Diamond, alpha-male peak in 2008, Barclays had £2.1 trillion of assets and was lending 56 times what it held in shareholders’ funds. Today, those powderkeg figures stand at £1.2 trillion and 21 times. McFarlane is now even talking about a rise in the dividend being in sight. His turnaround work is almost done, and he can happily retire by next year’s AGM. Also still on the horizon, though, are huge potential fines and sanctions over Barclays’ behaviour in the past. The Serious Fraud Office is weeks away from deciding whether to charge the bank over the way it raised funds in Qatar during the financial crisis. That is out of Barclays’ control. READ MORE Barclays booms as it challenges Wall St giants Another issue isn’t: the multi-billion-dollar fine it is unwisely fighting in the US over its sales of rubbish mortgage securities (my word “rubbish” is mild — Barclays’ own bankers called them “craptacular” and “sh*t”). Other banks selling this junk settled long ago but Barclays prefers to fight it out. It shouldn’t. Staley regularly talks of how Barclays is Britain’s sole champion on an investment-banking stage dominated by Wall Street giants. The quicker it sheds its scandals, the quicker we can be proud of it. Middlemen’s mint Doubtless many of the 116 London Barclays bankers who’ve just taken home £1 million or more ply their trade flogging bonds. After years in the doldrums, fixed-income has been booming since the US elections. Barclays’ finance director Tushar Mozaria, himself no slouch in the pay stakes, says morale has never been so high in its investment bank. That’s not surprising. When times were last this good, Diamond Bob used to keep an outsized slug of the bonus pool for himself, causing resentment all round. But while we obsess about bankers’ bonuses returning, another species of London trader quietly coins it year in, year out. They are the commodities traders of Vitol, Glencore and BP. Today, Glencore’s middlemen have reported the biggest profit since the company floated in 2011. And that despite the continued weak oil price. Profit from its trading arm leaped 10% to $3 billion (£2.4 billion). For a go-between business that puts practically no capital at risk, you have to wonder how such vast profits can be justified.
http://news.efinancialcareers.com/uk-en/275056/leave-j-p-morgan-for-barclays/
https://www.dailynews.co.zw/articles/2017/03/29/malawi-bank-eyes-barclays-zim
http://www.iii.co.uk/articles/400024/why-barclays-worth-keeping-eye
Barclays PLC (LON:BARC) (LSE:BARC.L) has a P/E of 17.8 using 2016’s EPS. In my view, this can be justified by investors because of the double-digit EPS growth forecast in FY2017 and FY2018. Barclays has a strategy which I believe could be good news for its share price. I like its continued focus on financial strength and in reorganising the bank in order to become more financially flexible in the long run. I also feel the banking sector could be undervalued, which may lift the Barclays share price in the long term.
DUBAI (Reuters) - Barclays aims to increase its share of the euro clearing business in the Middle East and North Africa region (MENA) from low double-digits to 25 percent in the next three years, a senior Barclays executive said, capitalising on growing demand from companies for transactions in euros. Barclays is already one of the largest clearers of transactions in sterling and has stepped up efforts in euro clearing in the past few years. "It is about gaining market share in the euro clearing right now," KP Sunil Rao, director of the financial institutions group in MENA, said. "We are in lower double digit. I think it could increase to 25 percent market share, hopefully in the next three years." Rao also said the bank had reassured clients in the region that the bank would retain the capacity to clear euros after Brexit. In Britain, there is uncertainty over whether London will be able to clear euros after Brexit but big British banks like Barclays will continue to be able to clear euros through their offices in the euro zone. Clearing is the process of settling transactions between banks and is big business for large global lenders. Barclays' share of the sterling clearing business within its targeted countries in MENA has risen to 40 percent from 9 percent in 2009, a time when some other British banks such as Royal Bank of Scotland and Lloyds Banking Group have scaled back in the region. Some international banks have cut correspondent banking ties to lenders in the region as they seek to shed risks. "We have 40 percent of the market share for sterling clearing and our market share for euro clearing is growing, so we have not backed away from this region," David Scola, global head of financial institutions at Barclays, said. Barclays last year trimmed nearly 150 staff from its corporate banking arm in Dubai as part of a wide-ranging restructuring following the appointment of Jes Staley as chief executive in December 2015.