Barclays share price: what’s the latest ahead of its full-year results?
The UK lender will unveil its full-year results next week, with investors hoping the bank can hit its targets despite global macroeconomic uncertainty and the low interest rate environment putting added pressure on margins.
Barclays will release its full-year results on 13 February, with investors eager to see if the lender can meet its 2019 guidance targets despite global macroeconomic headwinds and the low interest rate environment applying added pressure on margins.
The lender continues to target a 9% return on tangible equity (RoTE) in 2019, with that figure rising to 10% in 2020. However, the lender conceded that the challenging banking environment is making it difficult to achieve these targets, particularly with respect to 2020.
Barclays full-year cost guidance remains unchanged however, with its management expecting to reduce 2019 costs below £13.6 billion. The bank also expects to reach its revised CET1 target of circa. 13.5% at year end.
UBS upgrades outlook for Barclays share price
Analysts at UBS reiterated their ‘buy’ rating for Barclays in February and upgraded their price target for the stock to 195p.
Based on Barclays trading at 173p a share as of 14:55 (GMT) on Wednesday, analysts at UBS believe the stock has a potential upside of 12.7%.
Barclays risks missing targets for ethnic diversity
According to the latest Parker Review, which launched in 2017, FTSE 100 firms are ‘dragging their feet’ when it comes to ethnic diversity at the boardroom level.
In fact, only 53 of Britain’s largest listed companies have at least one director from an ethnic minority, according to the review, with Barclays, Sainsbury’s and Rolls-Royce among those that met the target.
‘Too many of us, I fear, remain complacent that change will come about naturally through the passage of time," Sir John Parker, who heads up the review, said. ‘Most of us know that this never works in any other aspect of our businesses and it won't work here.’
‘Our survey shows that there are also too few people from ethnic minority backgrounds being prepared for elevation to boards,’ he added.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get commission from just 0.08% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets