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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Barclays Plc | LSE:BARC | London | Ordinary Share | GB0031348658 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 3.50 | 1.54% | 231.40 | 34,080,429 | 16:29:51 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 231.35 | 231.40 | 232.05 | 229.40 | 231.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 25.38B | 5.26B | 0.3563 | 6.49 | 33.64B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:38:02 | AT | 20,000 | 231.40 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 26/7/2024 | 16:58 | UK RNS | Barclays PLC Form 8.3 - Darktrace plc Amend |
| 26/7/2024 | 16:49 | UK RNS | Barclays PLC Form 8.3 - Darktrace plc Amend |
| 26/7/2024 | 16:49 | UK RNS | Barclays PLC Form 8.3 - Darktrace plc Amend |
| 26/7/2024 | 15:29 | UK RNS | Barclays PLC Form 8.3 - DS SMITH PLC |
| 26/7/2024 | 15:00 | UK RNS | Barclays PLC Form 8.3 - HIPGNOSIS SONGS FUND LTD/THE FUND |
| 26/7/2024 | 14:59 | UK RNS | Barclays PLC Form 8.3 SPIRENT COMMUNICATIONS PLC |
| 26/7/2024 | 14:59 | UK RNS | Barclays PLC Form 8.3 - VIRGIN MONEY UK PLC |
| 26/7/2024 | 14:59 | UK RNS | Barclays PLC Form 8.3 -TYMAN PLC |
| 26/7/2024 | 14:59 | UK RNS | Barclays PLC Form 8.3 - QUANEX BUILDING PRODUCTS CORP |
| 26/7/2024 | 14:58 | UK RNS | Barclays PLC Form 8.3 - LOK'NSTORE GROUP PLC |
Barclays (BARC) Share Charts1 Year Barclays Chart |
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1 Month Barclays Chart |
Intraday Barclays Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/7/2024 | 19:14 | ACTIVE BARCLAYS TRADERS & World News ** | 1,394 |
| 26/7/2024 | 07:52 | Barclays Bank PLC, chat and charts | 288 |
| 25/7/2024 | 19:42 | ACTIVE BARCLAYS TRADERS CLUB | 147,356 |
| 25/7/2024 | 15:16 | ACTIVE BARCLAYS TRADERS CLUB (moderated) | 28,719 |
| 11/7/2024 | 15:04 | My bucks on Barc | 55 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:38:02 | 231.40 | 20,000 | 46,280.00 | AT |
| 2024-07-26 15:36:44 | 231.20 | 50 | 115.60 | O |
| 2024-07-26 15:36:19 | 231.40 | 9,372 | 21,686.81 | O |
| 2024-07-26 15:35:11 | 231.40 | 20,000 | 46,280.00 | AT |
| 2024-07-26 15:35:10 | 231.40 | 97,496 | 225,605.74 | AT |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 by Barclays Daily Update Barclays Plc is listed in the Commercial Banks, Nec sector of the London Stock Exchange with ticker BARC. The last closing price for Barclays was 227.90p.Barclays currently has 14,758,770,064 shares in issue. The market capitalisation of Barclays is £34,151,793,928. Barclays has a price to earnings ratio (PE ratio) of 6.49. This morning BARC shares opened at 231p |
Posted at 08/7/2024 11:17 by bernie37 With a huge majority secured, all eyes are now focused on what the new Labour government does next. Will there be a big banner policy announcement akin to the Bank of England being made independent in 1997?One potential policy shift from Labour could see an adjustment in the Bank Rate used by the Bank of England to pay commercial banks. It’s a complicated topic, but the short version is banks have recently enjoyed large gains from the reserves they have parked at the Bank of England. Reducing that interest rate would benefit the government’s budget position but hurt bank’s revenues. We flag this now because eyeQ’s smart machine has just fired a new bearish signal on Barclays BARC 1.56% . The stock now sits 15% about our model value. This gap has arisen because while Barclays’ share price has risen, macro conditions have been deteriorating. Our target price (where the stock should trade given the macro environment) has fallen 12.3% in the last month. To be fair, model value is bouncing back a bit this week. This, plus uncertainty around the new government’s policy stance, may mean this is not an opportunity for anyone with low-risk tolerance. Wait and see might be the more prudent approach. But even if you’re not keen on a potential tactical trade, the conclusion is this is a stock where the risk-reward is skewed. From a macro perspective, there’s a lot of good news in the price already. We would expect it to lag any broad UK equity rally; and be a stock that is most at risk in any correction. |
Posted at 03/7/2024 18:05 by bernie37 BarclaysBARC 3.11% ' share price had been looking like it was limbering up to become useful, even closing marginally above our 217p level trigger price. Unfortunately, the intrusion of a UK General Election effectively kyboshed any immediate hope, the share being consigned to a parking orbit until such time we know the winner. Invest with ii: Open a Stocks & Shares ISA | ISA Investment Ideas | Transfer a Stocks & Shares ISA We still suspect the share price shall enter a recovery phase. At present, it looks like share price closure above 217p shall prove significant, kicking off a cycle to an initial 236p with our secondary, if bettered, at 251p and almost certain hesitation. But, overall, the potential of a visit to a longer-term 290p makes a lot of visual sense. Our converse scenario, should things opt to go wrong, is that below 197p risks triggering reversals to an initial 189p with our secondary, if broken, calculating at 177p and a visual potential for a bounce. |
Posted at 21/6/2024 10:04 by portside1 Over the ladt 4 years barcs have cancelled over 3 billion shares and still the share price is still 38% lower than the nav something does not add up3 billion share less so who as sold all these shares And less shares should say higher share price but they are not Is it down to poor management at the top |
Posted at 14/6/2024 11:04 by johnwise Barclays stock downgraded, but still attractive - here's whyBC Capital Markets has revised its price target for Barclays PLC (LSE:BARC), reducing it from 260 pence to 250 pence citing a combination the investment banking exerting a drag along with higher expenses. Despite this reduction, RBC maintains its "outperform" rating for Barclays, reflecting confidence in the bank's long-term prospects. The primary driver for the reduced price target is the updated forecast for Barclays' financial performance for the fiscal year 2024. |
Posted at 15/5/2024 13:04 by bernie37 Barclays (LSE: BARC) shares are having a great run at the moment. Year to date, they’re up about 40%.Looking ahead, there could be more share price gains to come. According to analysts at Deutsche Bank, the shares have the potential to deliver double-digit gains from here. 270p share price target Recently, Deutsche Bank initiated coverage of Barclays shares. Listing the bank stock as a Buy, its analysts slapped a 270p price target on it. That price target is roughly 24% higher than the current share price. If it turns out to be accurate, a £5,000 investment today could be worth £6,200 in the not-too-distant future. I’ll point out that Barclays shares also pay a decent dividend. Currently, the yield is about 4%. Add this yield to the potential share price gains, and investors could be looking at a total return of nearly 30%. Of course, neither the dividends nor share price gains are guaranteed. I’ve learnt over the years that brokers’ price targets can be off the mark at times. Low valuation Barclays shares do look cheap right now though. Currently, they trade on a forward-looking price-to-earnings (P/E) ratio of just 6.9 – miles below the market average. At current levels, the analysts at Deutsche Bank believe there’s considerable “risk asymmetry” in the company’s share price (that means they think the shares are more likely to go up than down). Back in February, Barclays announced a new strategy in an effort to improve its business performance. And Deutsche’s analysts reckon that if the bank can get close to its targets, the share price should rise. Meanwhile, they believe that the group’s tangible net asset value (which is expected to increase to 460p by end of 2026) should offer some protection from share price weakness. |
Posted at 08/4/2024 11:29 by smurfy2001 Could the Barclays share price double by the end of 2026?If the bank had achieved this in 2023, its post-tax profit would have been £5.7bn higher. That’s over twice its reported figure of £5.3bn. Its shares currently trade on a multiple of 5.2 times its 2023 earnings. On this basis, if it could achieve annual profits of £11bn, its market cap would be £57.2bn. That’s over twice what it is today. Therefore, if Barclays can successfully deliver its improvement plan on time, I think there’s a good chance that its share price could double before the end of 2026. |
Posted at 05/4/2024 19:06 by bernie37 Costs: There is very little that banks can safely control in their trading but operating costs is one of the few. While Covid has pushed up the ratio of costs to revenue in the near term, they are forecast to fall to their lowest levels in a decade following a concerted drive to manage expenses. Although revenues are only forecast to grow at a compound annual growth rate (CAGR) of 2 per cent, this drop in the cost ratio should help drive net margins up more quickly.Other than cost controls, it is hard to see that Barclays is itself driving the positives and its growth and improving returns have a lot more to do with good fortune than good strategy. Stock markets tend to reward good strategy much more highly than good luck, suggesting that the share price may not automatically follow the improving EPS. How are banks valued? Barclays' EPS are rising sharply, but is that what drives the valuation? Not really, as banks are not valued on trading multiples. Rather, the valuation depends on the net asset value (NAV) and the return achieved on those assets relative to the bank’s weighted average cost of capital (WACC). WACC is the average after-tax cost of a company’s different capital sources: ordinary shares, preference shares, bonds and long-term debt. Using economic value added (EVA) calculations, the broad principle is that if a business makes a return above its WACC, the share price should be above its NAV: this is called creating shareholder value. If returns are below the WACC, the fair value for the shares is below NAV: this is called destroying shareholder value. For Barclays, the market sees the WACC being around 10 per cent, yet its return on assets since 2008 has averaged only 1.7 per cent, with many years having shown a negative return. This means that the current valuation, with the shares trading at 40 per cent below NAV, looks to be fully supported by the group’s trading history. The shares have traded below NAV for almost all of the past 10 years. However, one of the core adages in investment is not to lean too heavily on the past when trying to predict the future. Barclays’ valuation might be right if you look back, but is that still the case looking forwards? So, is Barclays cheap or not? While Barclays does look to be on an improving trend, 2021 is likely to prove a spike, with profits dropping back in 2022, so is this all just a flash in the pan? While profits are forecast to stay below those of 2021 until at least 2024, they are importantly forecast to stay well above the average levels for the preceding 10 years. But, as above, the key factor to look at here is not profitability but the return on assets (ROA). Against the average ROA for the past 10 years of 1.7 per cent, the outlook for this measure is to average nearer 9 per cent between 2019 and 2024 (taking an average of the 2020 slump of 3 per cent and 2021 spike of 12 per cent into account). While this is far from an impressive ROA and is still below the WACC, it is a significant shift away from the past history of destroying a lot of shareholder value and fully justifying a large price-to-book discount. If Barclays can reliably make a return that is close to its cost of capital, the basis for the large discount begins to evaporate and there is a case for the share price to move closer to the NAV as value stops being destroyed. In addition, the NAV itself is forecast to reverse a decade-long period of decline, providing a double driver for the share price – a smaller discount to a larger value. If the discount could be reduced from the current 40 per cent to, say, 25 per cent (which would not be unreasonable on an EVA basis) the shares could be worth 275p against the current 185p, pricing off the forecast 2022 NAV of 365p. Not exciting but a strong technical story This is not an especially exciting story and any bull case on the stock is largely a technical one, but one that is nonetheless well-founded. The board is clearly convinced that there is scope to sustain a much higher ROA even if still below the WACC, and the analyst community appears similarly on-side. The problem is that many fund managers remain cautious and are somewhat jaded after watching poor performance for much of the past decade. Several more quarters of improved performance are likely to be needed to change hearts and minds. So, any rerating of the stock does not appear imminent. It does feel as though it will come in time, but any private investor looking at buying Barclays does need to proceed with their eyes wide open. Banks are still inherently risky, geared cyclical businesses and Barclays has had the additional burden of losing three chief executives following a string of scandals. The dividend is forecast to rise from last year's 1p to 6p this year. A payout of more than 5 per cent then on to more than 9p by 2023 looks to be on offer at this point, which should be something of a cushion for the risk. There are still a lot of questions over the pace, extent and sustainability of recovery here and relying on a largely technical argument for buying a share is not the most compelling. While it does feel as though there are many stronger buy cases in the market today, there is certainly some allure in a potential c50 per cent capital gain and a 5 per cent yield, but Barclays is still only one for the less risk-averse. |
Posted at 05/4/2024 19:02 by bernie37 Barclays Bank – a cheap stock, technicallyIs Barclays finally on the cusp of a long-awaited rerating? Former City analyst Robin Hardy runs the numbers Investors in Barclays have been waiting a long time for its share price to outperform, but is an about-turn in the offing? Barclays (BARC) has been out of favour for a long time, since the financial crisis in 2008 in fact. The share price has gone nowhere in the past 10 years, underperforming the FTSE All-Share by 25 per cent. Investors' total return has been just 3 per cent a year – the FTSE 100 has delivered 6.3 per cent and global equities 13.5 per cent in that time. But on most valuation measures, the shares look cheap and in FY2021 Barclays is expected to report a near-fourfold increase in earnings per share (EPS). Could it be on the cusp of a rerating, or are there still too many warning signs telling private investors to steer clear? Profits are rising: good management or good fortune? This is the billion-dollar question and sits at the heart of whether or not Barclays’ discounted share price makes the shares a bargain or correctly valued. If good fortune is the catalyst, then improvements may not be sustainable and returns may be of too low quality to justify a change in valuation. Barclays is forecast to report EPS of 34p this year (to December 2021), a level to which it has not come remotely close since 2008. But what is driving this sudden and substantial surge in profit forecasts? Investment banking storm: There has been a surge in private equity buyouts, merger & acquisition (M&A) activity and initial public offerings leading to a strong increase in fees at Barclays' investment banking operations. However, the current rate of equity market activity is not sustainable and this typically feast-and-famine market is likely to slow. Lower activity also usually leads to lower fee rates, compounding any slowdown in market momentum. Barclays is currently making positive returns in this historically poorly regarded segment (it is volatile and requires a lot of capital) but how long can that last? Market share gains: Further to the broader surge in equity market activity, Barclays has benefited from other European banks pulling out of the game, leading to much higher market share. The likes of Credit Suisse and Deutsche Bank have substantially scaled back investment banking on the continent, which is likely to be playing a large part in the board’s confidence that Barclays can avoid a major collapse in investment banking fees – there is no else left in Europe with whom the US banks can look to partner. While there are market share positives in investment banking, there are potential threats in personal banking. Challenger banks such as Metro, Starling, Virgin Money and Monzo have already nibbled some market share, but there is a much bigger threat from US banks coming to the UK. Marcus from Goldman Sachs and Chase from JPMorgan could prove materially more disruptive to what has been a stable core for Barclays. Impairments: Changes in banks’ provisions against bad loans are always a significant part of the movement in annual profits. It was initially feared that Covid would lead to many loans going bad and that rising provisions would hit profits. However, enforced forbearance and generous handouts (avoiding the term ‘bailout’ Covid-19: Ironically, this has been more of a positive for the banks. Lower impairments as above, unexpected value created by weak share prices driving M&A and a large influx of deposits as household outgoings fell have all been beneficial. Rising interest rates: Bond yields have been rising and central banks are set to raise prime interest rates to combat the global surge in inflation. Barclays predicts that every 10 basis point increase in interest rates can add £150m to earnings before interest and tax (Ebit) by 2023 due to expansion of its net interest margin – economists currently believe interest rates will have increased by 40 basis points by the end of 2022. This could bump Ebit up by 7-8 per cent. Rising rates are a double-edged sword, however, as credit risk will increase. |
Posted at 25/3/2024 09:31 by bernie37 Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Barclays (BCS), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Barclays currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? In order to see if BCS is a promising momentum pick, let's examine some Momentum Style elements to see if this financial holding company holds up. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For BCS, shares are up 1.9% over the past week while the Zacks Banks - Foreign industry is up 0.13% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 10.64% compares favorably with the industry's 4.44% performance as well. Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Barclays have increased 18.63% over the past quarter, and have gained 40.75% in the last year. In comparison, the S&P 500 has only moved 10.82% and 32.56%, respectively. Investors should also take note of BCS's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, BCS is averaging 15,577,282 shares for the last 20 days. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with BCS. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost BCS's consensus estimate, increasing from $1.61 to $1.62 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Bottom Line Given these factors, it shouldn't be surprising that BCS is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Barclays on your short list. |
Posted at 18/3/2024 17:30 by bernie37 Bloomberg) -- Barclays Plc is seeking to expand its relationships with sovereign wealth funds and private equity giants as part of its efforts to improve the profitability of its investment banking division by expanding in advisory and equity underwriting.Those firms — which are sitting on trillions of dollars of dry powder for deals — are the kind of key clients Barclays is hoping to secure as it looks to move beyond the debt underwriting for large, multinational corporations that it’s long been known for, Chief Executive Officer C.S. Venkatakrishnan said in an interview with Bloomberg Television. The bank already has the talent it needs to accomplish that shift, he said. “We still work with corporations in a very big way, but, in addition to that, you’ve got the financial sponsors and the sovereign wealth funds,” Venkatakrishnan said. “The growth of concentrated pools of capital makes it important to have that full relationship with those players in the market.” Barclays and its rivals are betting that sovereign wealth funds will continue to deploy billions of dollars to get private equity takeovers across the line amid a broader dearth in deals by corporations. Sovereign wealth funds spent a record $17.2 billion on such co-investments in the first half of last year, which was up 24% from the same period in 2022, Bloomberg has previously reported. Read more: Private Equity Titans Tap Sovereign Wealth to Get Deals Done Barclays shares have struggled in recent years and the bank has long faced questions about the viability of its investment bank because of the amount of capital it consumes relative to other, higher-returning parts of Barclays’s business. But Venkatakrishnan has said that is because it has a larger footprint in debt capital markets relative to peers. That is why he’s now focused on expanding in merger advisory and stock underwriting. “When you move into advisory fees you start getting a better return on your capital — I think it is an important part of the shift,” he said on Monday. “Our job is to, having created the plan, is to execute it and the share price hopefully will follow.” Barclays last month announced it would go on a £2 billion ($2.55 billion) cost-cutting drive and reorganize its reporting structure in order to boost profits. The bank vowed to return at least £10 billion to shareholders in the coming years, while it boosts revenue to £30 billion. Shares of Barclays have surged 9.3% since it unveiled those plans on Feb. 20, making it one of the best performers in the FTSE 100 Index. As part of the changes, Venkatakrishnan also shuffled his top managers. Adeel Khan was appointed sole head of the global markets division, while his former co-head Stephen Dainton became president of Barclays Bank Plc and head of investment bank management. Cathal Deasy and Taylor Wright are continuing in their current roles as co-heads of banking. Vim Maru is the new CEO of Barclays UK, while Matt Hammerstein, the previous holder of that role, is now leading the UK corporate bank. Sasha Wiggins is leading the private bank and wealth management division. Loan Growth The bank also said last month that it sees risk-weighted assets climbing by £50 billion in the coming years. The company is planning to allocate £30 billion of that to its UK-focused businesses, which include a consumer bank, a corporate bank and a private bank and wealth management division. The remaining £20 billion will be allocated to the US consumer bank. Part of that is tied to the company’s confidence in the health of the UK and US economies even as the company has seen delinquencies among its consumer customers tick up slightly in recent months, Venkatakrishnan said on Monday. “The economy is stabilizing, it looks like on both sides of the Atlantic you’re having a softish landing,” he said. “Generally, we are constructive towards lending.” |
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