Barclays (BARC)

Sector:

Banking

Index:

FTSE 100

111.96p
   
  • Change Today:
    -2.44p
  • 52 Week High: 192.46
  • 52 Week Low: 80.24
  • Currency: UK Pounds
  • Shares Issued: 17,345m
  • Volume: 20,837,252
  • Market Cap: £19,419m
  • RiskGrade: 307

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 111.96p
Change Today -2.44p
% Change -2.13 %
52 Week High 192.46
52 Week Low 80.24
Volume 20,837,252
Shares Issued 17,345m
Market Cap £19,419m
RiskGrade 307

Barclays Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.21% below the market average28.21% below the market average28.21% below the market average28.21% below the market average28.21% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
50.97% below the market average50.97% below the market average50.97% below the market average50.97% below the market average50.97% below the market average
57.89% above the sector average57.89% above the sector average57.89% above the sector average57.89% above the sector average57.89% above the sector average
Income
9.42% above the market average9.42% above the market average9.42% above the market average9.42% above the market average9.42% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
42.32% above the market average42.32% above the market average42.32% above the market average42.32% above the market average42.32% above the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average

What The Brokers Say

Strong Buy 9
Buy 1
Neutral 9
Sell 0
Strong Sell 2
Total 21
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 09-Jul-2020

Time Volume / Share Price
16:35 6,467,957 @ 111.96p
16:30 1,000 @ 111.98p
16:29 804 @ 112.02p
16:29 10 @ 112.06p
16:29 300 @ 112.04p

Barclays Key Personnel

Finance Director Tushar Morzaria
CEO James E Staley
Chair Nigel Higgins

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