
Barclays: share rises on analyst comments
(CercleFinance.com) - Barclays shares rose on the London Stock Exchange on Monday on the back of a note from Deutsche Bank, which this morning raised its target price for the stock.
The broker - which maintains its buy rating on the stock - says it has raised its TP for it from 320 pence to 350 pence.
The analyst cites "unjustified skepticism" surrounding the British bank, particularly regarding its dual objective of gaining market share in investment banking and growing in retail banking in the US, where it also wants to improve margins.
Even though these two objectives were not achieved, Deutsche Bank points out that the group's return on tangible equity (ROTE) would only fall from 12% to 11%, with the cost of equity remaining low at 17%, making the stock one of its top picks in the European banking sector.
Following these positive comments, Barclays shares gained 0.7% on Monday, outperforming a FTSE 100 index that was pretty flat (+0.1%).
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The broker - which maintains its buy rating on the stock - says it has raised its TP for it from 320 pence to 350 pence.
The analyst cites "unjustified skepticism" surrounding the British bank, particularly regarding its dual objective of gaining market share in investment banking and growing in retail banking in the US, where it also wants to improve margins.
Even though these two objectives were not achieved, Deutsche Bank points out that the group's return on tangible equity (ROTE) would only fall from 12% to 11%, with the cost of equity remaining low at 17%, making the stock one of its top picks in the European banking sector.
Following these positive comments, Barclays shares gained 0.7% on Monday, outperforming a FTSE 100 index that was pretty flat (+0.1%).
Copyright (c) 2025 CercleFinance.com. All rights reserved.