This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Barclays stock – better than a savings account?
Barclays (BARC); Banks
Barclays stock: Consensus roundup
There appears to be a relentlessly bullish outlook for the UK’s depressed banks – no one seems willing to make the bearish call ahead of some mythical imminent share price explosion. Stranger things have happened! Even the most bearish broker is seeking 5% upside for Barclays stock and there have been no sell ratings issued since 3 March. All 21 price targets since then have been above the current price. Could a recent bounce off July 2012 lows see shares back towards 220p and the 200-day MA?
Most Bullish: Jefferies, Buy, Target 287p (+77%)
Consensus: Target: 214p (+32%)
Most Bearish: Exane BNP Paribas, Underperform, Target 170p (+5%)
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Prepared by Michael van Dulken, Head of Research
