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Home / Momentum / Barclays PLC (BARC.L) 30-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Barclays PLC (BARC.L) 30-10-19

Will shares in Barclays PLC (BARC.L) continue to new highs?

 

  • The share price performance has been very strong, now trading at 168.96p (at time of writing), .
  • Will we see an end to the trend, or is the momentum set to continue?
  • Could this be the ideal opportunity for those seeking a momentum play?
  • Whilst the trend has been relentless, remember that strong past performance may not always continue.
  • Technical traders should be mindful of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -5% from 12-month highs; +24% from 12 month lows.

Latest News

28 Oct:  RBC Capital Markets reiterates its sector performer rating on Barclays (BARC) and increased the target price to 190p (from 170p).

28 Oct:  Morgan Stanley reiterates its equal weight rating on Barclays (BARC) and increased the target price to 200p (from 190p).

25 Oct:  Barclays, the banking group, announced a decline in Q3 profit after making additional provisions for the mis-selling of PPI.

13 Sep:  UBS reiterates its buy rating on Barclays (BARC) and reduced the target price to 190p (from 200p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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