Barclays (BARC)

Sector:

Banking

Index:

FTSE 100

169.20p
   
  • Change Today:
    -1.22p
  • 52 Week High: 172.76
  • 52 Week Low: 136.16
  • Currency: UK Pounds
  • Shares Issued: 17,272m
  • Volume: 40,046,619
  • Market Cap: £29,223m
  • RiskGrade: 132
  • Beta: 1.18

JP Morgan sees upside for domestic UK and Irish banks in 'soft Brexit'

By Alexander Bueso

Date: Monday 14 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Equity analysts at JP Morgan sounded a more positive on the prospects for domestic UK and Irish banks should the country reach an agreement with the European Union withdrawal.
Previously their economists had been "pessimistic" regarding the possibility of such an outcome but now were less so, with the house view at JP Morgan now assigning even odds of a deal.

If Westminster clinches a deal, then higher five-year interest rate swaps and lower impairments meant there was likely as much as 11% upside for lenders' earnings per share.

At the time of writing, UK bank shares were trading on an estimated 2021 price-to-earnings multiple of between 6.0-7.5.

Nonetheless, even in soft Brexit scenario, lenders' shares weren't likely to go up in a straight line, JP Morgan said.

"We caution that this is not yet a done deal with potential pull-backs ahead given the UK government does not have a majority with numerous issues still unresolved and the outlook for the domestic economy still under pressure."

Their 'top pick' in the space was Allied Irish Banks and they also preferred Barclays, both of which were trading on a price-to-tangible net asset value of 0.6, while their recommendation for RBS and Lloyds was kept at 'neutral' and that on HSBC and Metro Bank at 'underweight'.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Barclays Market Data

Currency UK Pounds
Share Price 169.20p
Change Today -1.22p
% Change -0.72 %
52 Week High 172.76
52 Week Low 136.16
Volume 40,046,619
Shares Issued 17,272m
Market Cap £29,223m
Beta 1.18
RiskGrade 132

Barclays Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.84% above the market average91.84% above the market average91.84% above the market average91.84% above the market average91.84% above the market average
12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average
Price Trend
28.39% above the market average28.39% above the market average28.39% above the market average28.39% above the market average28.39% above the market average
76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average
Income
60.83% above the market average60.83% above the market average60.83% above the market average60.83% above the market average60.83% above the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Growth
4.15% above the market average4.15% above the market average4.15% above the market average4.15% above the market average4.15% above the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 11
Buy 1
Neutral 6
Sell 0
Strong Sell 1
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Barclays Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Aug-19 28-Feb-19
Paid 23-Sep-19 05-Apr-19
Amount 3.00p 4.00p

Trades for 20-Nov-2019

Time Volume / Share Price
17:06 400,582 @ 168.89p
17:06 4,012 @ 168.89p
17:06 188,259 @ 168.89p
17:06 37 @ 168.60p
17:06 320,684 @ 168.99p

Barclays Key Personnel

Finance Director Tushar Morzaria
CEO James E Staley
Chair Nigel Higgins

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