This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Barclays
Barclays (BARC)
Will shares fall back towards recent lows of 145p or rally towards 280p highs?
Technical Observations
- 2nd attempt at reversing the 12-month downtrend
- Breakout above the 100-day moving average
- Momentum, RSI, Directional Indicators and MACD are all bullish/positive
- Stochastics overbought
Broker Consensus: 41% Buy, 48% Hold, 11% Sell
Average 12-month target price: 164p, +0% (revisions possible)
Bullish: Grupo Santander, Buy, Target 268p, +63% (26 Apr)
Bearish: Bernstein, Market Perform, Target 110p, -33% (2 Aug)
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Prepared by Michael van Dulken, Head of Research
