RE: Barclays increase to 475p target27 Aug 2025 08:14
I don't think it will come with the HY results due soon, but I still think they're going to have to look at using the money set aside currently for buybacks to go into dividends at FY if they are going to maintain/continue this rise. One effect of the strong rise in SP is that it's driving the yield down, and the effectiveness of the buyback will start to be hampered also, as they're getting a lot less bang for their buck than in years gone by in terms of number of shares being taken off the table each time.