Barclays: stock boosted by RBC upgrade
(CercleFinance.com) - Barclays shares rose today in London, following an upgrade by RBC.
The broker says that it is now "outperform" on the stock, against "sector perform", increasing its target price from 215p to 230p, which gives it upside potential of nearly 50%.
In a report, Royal Bank of Canada highlights the "structural" advantage it believes the British institution enjoys.
Analysts expect a continuation in its outperformance over its peers in both trading and investment banking, with Barclays particularly set to capitalise on the recent collapse of Credit Suisse.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker says that it is now "outperform" on the stock, against "sector perform", increasing its target price from 215p to 230p, which gives it upside potential of nearly 50%.
In a report, Royal Bank of Canada highlights the "structural" advantage it believes the British institution enjoys.
Analysts expect a continuation in its outperformance over its peers in both trading and investment banking, with Barclays particularly set to capitalise on the recent collapse of Credit Suisse.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.