Barclays: Buy or Sell?

Shares trading at 4-year lows this afternoon

Banking sector still highly depressed
Eurozone and US interest rates set to remain low for longer
Barclays shares maintain a 4% dividend yield – is this now at risk?
Broker consensus target of 220p, implying 46% upside from current levels
Broker 12-Month Consensus: 61% Buy, 36% Hold, 3% Sell (full breakdown on request; Bloomberg)
CFDs tradeable with just a 5% margin

Technical Observations – Bullish

4-yr lows holding firm so far
Stochastics oversold, turned up to cross signal line

Technical Observations – Bearish

Shares testing 4-yr lows a second time
Daily RSI broke beneath rising lows
Volume in decline
Potential bearish flag could take price sub-£1

Graph: 5-year (weekly)

Barclays PLC (-)

Consensus Target: 219p

Most Bullish: 295p

Most Bearish: 152p

Stock description

Barclays PLC is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. (UK 100 )

**Source: Company Press releases, Bloomberg.com

Share 1wk 1m 3m 1yr 2yr 3yr 4yr 5yr

Perf % -3.1 -11.9 -31.3 -38.8 -34.4 -43.6 -30.2 42.1

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