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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 224.35
Bid: 222.95
Ask: 223.05
Change: 6.20 (2.84%)
Spread: 0.10 (0.045%)
Open: 219.00
High: 224.50
Low: 219.00
Prev. Close: 218.15
BARC Live PriceLast checked at -

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Broker tips: StanChart, BP, Tullow Oil

Thu, 10th Sep 2015 16:24

(ShareCast News) - The largest UK banks face several further operational headwinds which the market may not be fully factoring in yet, analysts believe.Foremost among those is the 2018 implementation of the IFRS9 accounting standard regarding provisions, which will be half again as high as IAS39. That will reduce those lenders' Tier1 equity ratios by 70 basis points. On average, their tangible net asset values will be cut by 6%, although StanChart and Lloyds Banking Group will be the most affected, analysts at Exane BNP Paribas said.Near-term dividend expectations may also be impacted, the analyst team led by Jonathan Pierce explained in a research note sent to clients.On the basis of all of the above, Exane downgraded shares of Barclays to underperform from neutral and those of Lloyds to neutral from outperform. Their target prices were cut by 10% and 9% to 260p and 82p, respectively.StanChart on the other hand was kept at underperform, although the target price on its stock was slashed by 22% to 700p.HSBC and RBS were kept at neutral. The target on the stock of the former was lowered 11% to 540p while that for the latter was kept at 360p. Bernstein upgraded oil giant BP to 'outperform' from 'market perform' and kept the price target unchanged at 450p.It said that given recent relative share price performance, it sees attractive upside of more than 30%.It noted that BP has underperformed the European oil and gas sector by 5% and the European market and major peers by 10% in the third quarter so far, which seems extreme."Our recent analysis of BP's ability to weather really tough oil price storms e.g. 1987-1997 highlighted their resilience and will prove valuable in the current storm many investors expect," said Bernstein. Shares in Tullow Oil were under pressure after HSBC slashed its price target on the stock to 310p from 514p to reflect the bank's lowered oil price assumptions.On 31 August, HSBC cut its Brent price assumption to $55.4 a barrel for 2015 from $62.5. For 2016-2018, the bank now expects an annual progression of $60/70/80 a barrel versus $75/90/105 previously.Nevertheless, it said it continues to see significant upside in Tullow. It noted that the TEN project in Ghana is now more than 65% complete and remains on track for first oil mid-2016.The bank added that Tullow has acted decisively to reduce its cash burn.HSBC rated the stock at 'buy'.
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1 Aug 2023 10:34

UPDATE: Aston Martin raises GBP216 million from share offer

(Alliance News) - Aston Martin Lagonda Global Holdings PLC on Tuesday said it raised a total of GBP216.1 million from the share offer it had announced after the London market close on Monday.

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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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