Barclays share price: what’s the outlook for 2020?
The UK banking environment remains challenging, but analysts from Goldman Sachs and Jefferies remain upbeat about Barclays share price in 2020.
The UK banking sector remains under pressure, but the industry has performed relatively well considering the myriad of headwinds it faces, with Barclays weathering challenging times in 2019 and investors hoping for clearer skies in 2020.
Barclays successful navigation of the past 12 months is reflected in its share price which is up 13% since this time last year, with it trading at 180p a share as of 15:30 GMT on Monday.
Goldman Sachs and Jefferies upbeat about Barclays share price
Analysts from Goldman Sachs and Jefferies are optimistic about Barclays share price trajectory in 2020, with the pair both reiterating their respective ‘neutral’ and ‘buy’ ratings in December.
Both US-based investment banks also upgraded their price targets for the stock too, with Goldman issuing a price target of 235p, while Jefferies offered a target of 244p.
Based on Barclays trading at 180p a share, analysts from both banks believe the stock has a potential upside of between 30.5% - 35.5%.
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