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BARC Barclays Plc

258.95
3.10 (1.21%)
20 Nov 2024 - Closed
Delayed by 15 minutes
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
  3.10 1.21% 258.95 31,099,703 16:35:04
Bid Price Offer Price High Price Low Price Open Price
258.20 258.30 260.80 256.85 256.85
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 25.38B 5.26B 0.3612 7.15 37.25B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:46 O 10,416 258.95 GBX

Barclays (BARC) Latest News (16)

Barclays (BARC) Discussions and Chat

Barclays Forums and Chat

Date Time Title Posts
21/11/202400:20ACTIVE BARCLAYS TRADERS & World News **2,923
21/11/202400:13ACTIVE BARCLAYS TRADERS CLUB147,562
13/11/202412:32ACTIVE BARCLAYS TRADERS CLUB (moderated)28,908
25/10/202411:07Barclays Bank PLC, chat and charts329
07/10/202420:02testing18

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Barclays (BARC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-11-20 16:37:46258.9510,41626,972.23O
2024-11-20 16:35:09258.952,1695,616.63O
2024-11-20 16:35:06258.9512,49332,350.62O
2024-11-20 16:35:05258.954,09810,611.77O
2024-11-20 16:35:05258.958,19421,218.36O

Barclays (BARC) Top Chat Posts

Top Posts
Posted at 16/11/2024 16:29 by bernie37
According to the 7 analysts' twelve-month price targets for Barclays, the average price target is GBX 276. The highest price target for BARC is GBX 335, while the lowest price target for BARC is GBX 245. The average price target represents a forecasted upside of 6.81% from the current price of GBX 258.40.
Posted at 24/10/2024 10:10 by martinmc123
4*
Barclays posted a Q3 profit beat this morning sending the share price up to new highs for the year. Group profit before tax was up 18% to £2.2bn, Group income of £6.5bn was up 5% year-on-year, with Group NII excluding IB and Head Office of £2.8bn, of which Barclays UK NII was £1.7bn. The business remains focused on disciplined execution of its three year plan and today raised guidance for 2024 Group Net Interest Income (NII) excluding Investment Bank (IB) and Head Office from c.£11.0bn to greater than £11.0bn. The share price liked the news


wealthoracle.co.uk/detailed-result-full/BARC/905
Posted at 08/10/2024 10:49 by johnwise
Barclays’ newest MD might be the most important of them all


Barclays, with its ambitious investment bank targets, is a good example: the bank picked up Liz Padley as a managing director (MD) and head of capital and leverage management in London earlier this month.

Padley spent seven years at Lloyds before joining Barclays, and was most recently an MD in Lloyd’s capital and term funding’s team. She was the UK bank's head of capital and recovery and resolution before that.

Padley’s capital management role is crucial for Barclays’ corporate and investment bank (CIB). Barclays wants to reduce the share of risk-weighted assets that the CIB employs. The CIB's RAW share was 63% in 2023; Barclays wants to get that number to around 50% by 2026, with the excess going to higher-returning corporate, consumer, and private banking units.

Barclay’s overreliance on debt capital markets (DCM) will also be part of that change. The bank’s investment banking deep dive from last week showed that 54% of investment banking revenue came from DCM in H1 on average between 2019 and 2024; the equivalent figure at the Top 5 US banks was just 38%. The bank is already on track to change that, moving up the league tables for this year for both M&A and ECM performance
Posted at 15/8/2024 11:01 by bernie37
Barclays PLC
15 August 2024

15 August 2024

Barclays PLC

Block Listing



Barclays PLC (the 'Company') announces that an application has been made to the Financial Conduct Authority and the London Stock Exchange for the block listing of 120,600,000 ordinary shares of 25 pence each in the capital of the Company (the 'Shares') to trade on the London Stock Exchange and to be admitted to the Official List.

The Shares will be issued and allotted under the Barclays Group Sharepurchase plans (Barclays Group Share Incentive Plan and the Barclays Global Sharepurchase Plan (50,000,000 Shares) and the Barclays Group SAYE Share Option Scheme (70,600,000 Shares)).

When issued, the Shares will rank equally with the existing issued Shares of the Company.

Admission is expected to be effective on 16 August 2024.



- ENDS -



For further information, please contact:

Investor Relations Media Relations

Marina Shchukina Jon Tracey
+44 (0) 20 7116 2526 +44 (0) 20 7116 4755



About Barclays

Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities.

For further information about Barclays, please visit our website home.barclays
Posted at 13/8/2024 06:35 by xtrmntr
It was very much a case of sticking to the script and not annoying investors, and Barclays (BARC) succeeded in both those limited goals in its interims results, with the added bonus that the long-moribund investment banking arm is finally started to generate meaningful income again. The market was pleased enough to indulge in profit-taking after a strong run in the share price, and Barclays also announced a £750mn share buyback. The performance was solid enough to reaffirm, or increase, several of the bank's key targets this year. Net interest income increased by £0.3bn to £11bn, and Barclays delivered a return of tangible equity (RoTE) of 11.1 per cent in the period. This means it is on track to hit its target of more than 10 per cent this year, and it is aiming for 12 per cent by 2026.The investment banking business delivered made some encouraging progress as market activity picked. In the three months to June, net trading income rose by 10 per cent year-on-year from £1.35bn to £1.49bn Meanwhile, banking fees and underwriting income rose by a fifth between January and June to £1.30bn, and a large UK rights issue meant equity capital markets fees shot up by 59 per cent. Barclays was able to match the rising returns at its main Wall Street investment bank rivals.The UK banking business also put in a commendable performance despite a small decline in the net interest margin to 3.15 per cent as interest rate expectations started to fall in anticipation of the Bank of England's 0.25 per cent rate cut. This, combined with relatively subdued demand for loans in both retail and commercial, meant that pre-tax profits here were largely flat at £1.54bn.Analysts at Peel Hunt said: "Even after a 52 per cent rise in the share price, Barclays is trading at 0.7 times spot tangible net assets (TNAV) versus Lloyds and NatWest, which are both trading at 1.2 times price to TNAV. We think this differential is too wide, given Barclays' 2026 ROTE target of 12 per cent versus mid-teens for its peers."We tend to agree with this view. Barclays looks intent on diversifying its operations away from the investment bank which, despite that division's excellent performance, sucks up large quantities of its total risk-weighted capital. The results are a promising work in progress, but the bank as we see it now is not yet the finished article. However, the valuation case is still compelling with a forward PE of barely 7 times consensus forecasts. Buy.
Posted at 12/8/2024 07:17 by xtrmntr
Peel Hunt lifts Barclays' target priceSecond-quarter results from Barclays (BARC) did little to change the investment narrative, but added to the growing evidence that the consistency of the group's financial performance is improving, which should be positive for the rating of the shares over time, says Peel Hunt.The Citywire AAA-rated lender delivered profit before tax of £1.9bn, which was 24% ahead of consensus, with income of £6.3bn 3% ahead, costs of £4bn coming in 2% below consensus and impairment charges of £384m 26% below, analyst Robert Sage said.Guidance was unchanged, except that group net interest income excluding the investment bank and head office was lifted from £10.7bn to £11bn, including an upgraded target for Barclays UK which is now guided to be £6.3bn excluding the Tesco acquisition, up from £6.1bn.Sage said the fact that Barclays didn't strengthen expectations for earnings or returns reflected conservatism as the interest rate environment changes in the company's principal UK and US markets, and capital markets remain variable.Adding that the group appeared to be on track to deliver against its medium-term financial targets, Sage increased earnings per share estimates by 1.6% for 2024 and by 0.6% for 2025, but reduced his forecast by 0.9% for 2026 to factor in higher estimates for future share count following share price rises.Reiterating a 'buy' rating, he lifted the target price from 265p to 270p. The shares climbed 2% to 218.3p at the end of last week, putting them up 47% over the last 12 months.
Posted at 08/8/2024 05:48 by johnwise
What does Ryanair's recent profit slump tell us about the state of the aviation market in Europe?


Pre-tax profits fall by 46% at Ryanair in Q2

We’ve had a string of results announcements recently from the European airlines. The most shocking of these came from Ryanair on the 22nd July, with pre-tax profits slumping by almost half compared to the previous year. That was driven by a 15% fall in average fares, with the company blaming “the pricing environment”, a situation which is says it expects to continue into the remainder of the summer season, with prices “materially lower than last year”.

Although Ryanair’s share price took a hammering, falling 15% on the day, investors took the news as evidence of weaker market demand, rather than a Ryanair specific issue. That’s understandable because Ryanair offered no explanations other than the timing of Easter and market conditions. You can see from the chart below that although Ryanair’s share price suffered the most damage, Wizz, easyJet and even more long-haul focused IAG also saw their share prices take a hit on the day.
Posted at 03/8/2024 23:41 by smurfy2001
TVR 01/2021 shares in issue 17,359,296,032
TVR 08/2024 shares in issue 14,719,600,938

Total shares cancelled 2,639,705,047 a reduction of 15%.

The Barclays websites shows a higher number shares purchased, however Barclays have issued shares by about 270m (that's an assumption).

DYOR.

The next buyback could be around 360m shares at the current share price with shares in issue around 14.36bn. I'd expect Barclays to do another £1bn according to their consensus.
Posted at 31/7/2024 20:15 by bernie37
Earnings season is upon us, and that’s got me thinking about the potential value of FTSE 100 stocks in other sectors.

I have one big-name bank that I’m zeroing in on today. That’s because the Barclays (LSE:BARC) is up more than 50% since the start of 2024. It’s got me thinking — could the British bank actually be a good value buy?

Sleeping giant in the Footsie?

Don’t get me wrong, Barclays is a well-known stock in the Financials sector. The British bank has a £34bn market cap, and has continued to track higher in 2024.

I am intrigued by banking given where we are in the business cycle right now. Interest rates are high, the economy looks to be on a knife edge, but there is also some optimism with the general election out of the way.

The recent share-price growth has reflected both strong conditions for banks generally as well as Barclays’ competitive position.

One thing I really like the look of is its return on tangible equity (RoTE). The bank reported 12.3% RoTE for the quarter ended 31 March 2024, which is ahead of both its 2024 and 2026 targets. A cost to income ratio of 60% also showed me signs of management discipline, which I like to see given the potential risks in the economy right now.

What does the relative value look like?

What I am interested in is how it stacks up against both the FTSE 100 index and other big-name banks like NatWest and HSBC.

Barclays has a 3.4% dividend yield right now, which is slightly below the Footsie average. However, when compared to 4.8% for NatWest and HSBC’s 7%, it doesn’t seem as strong a pick for dividend investors.

The NatWest share price has also been strong, with over 50% gains in 2024. HSBC has been more meagre, in the single digits.

One key valuation metrics for bank shares is the price-to-book (P/B) ratio. This measures the company’s share price against the value of its net assets on the balance sheet.

NatWest trades at a P/B of 0.74 while HSBC is at 0.65. What about Barclays? A meagre 0.46. That means investors are paying 0.46p per £1 of net assets on the books.

This says to me that either there is a reason why investors are avoiding Barclays, or it could be a bargain hiding in plain sight.

What are the downsides?

There is the broader risk to banks that could come from interest rate cuts. We could see more spending and less saving, reducing funds available for banks to lend out and earn money on.

However, Barclays specifically also has some risks to it. For one thing, the company has been plagued by issues in recent years. A rightsizing of investment banking activities is part of its three-year plan, and the bank continues to work on turning around its fortunes.

Where to next?

Barclays is set to announce its half-year results tomorrow. I’ll be tuning in to see how well its investment banking division has performed, and also to track its net interest margin movements.

If the results are strong and the outlook is positive, Barclays could go on my ‘want-to-buy list’ for when I get some free cash, despite some question marks on future growth.
Posted at 03/7/2024 17:05 by bernie37
Barclays
BARC
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.

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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.
Barclays share price data is direct from the London Stock Exchange

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