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Home / Special Reports / Barclays: Buy or Sell?

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

31 March 2016

Barclays: Buy or Sell?

**Shares trading at 4-year lows this afternoon**

  • Banking sector still highly depressed
  • Eurozone and US interest rates set to remain low for longer
  • Barclays shares maintain a 4% dividend yield – is this now at risk?
  • Broker consensus target of 220p, implying 46% upside from current levels
  • Broker 12-Month Consensus: 61% Buy, 36% Hold, 3% Sell (full breakdown on request; Bloomberg)
  • CFDs tradeable with just a 5% margin

Technical Observations – Bullish

  • 4-yr lows holding firm so far
  • Stochastics oversold, turned up to cross signal line

Technical Observations - Bearish

  • Shares testing 4-yr lows a second time
  • Daily RSI broke beneath rising lows
  • Volume in decline
  • Potential bearish flag could take price sub-£1

Graph: 5-year (weekly)

Barclays PLC (-)

Consensus Target: 219p

Most Bullish: 295p

Most Bearish: 152p

Stock description

Barclays PLC is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. (UK 100 )

 **Source: Company Press releases, Bloomberg.com

Share       1wk           1m            3m            1yr            2yr            3yr           4yr            5yr

Perf %      -3.1         -11.9          -31.3         -38.8        -34.4         -43.6       -30.2             42.1

Page: 01

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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