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.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
Please see important Research Disclaimer.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.