Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Barclays ( (GB:BARC) ).
Barclays PLC has increased its provision for a motor finance compensation scheme from £90 million to £325 million following the FCA’s consultation paper on a proposed redress scheme. This adjustment reflects the potential for a higher number of cases and a different approach to customer redress, impacting Barclays’ CET1 capital ratio by approximately 5 basis points. Barclays ceased motor finance lending in 2019, and the final terms of the compensation scheme remain uncertain, with Barclays planning to engage with the FCA to ensure a fair outcome.
The most recent analyst rating on (GB:BARC) stock is a Buy with a £425.00 price target. To see the full list of analyst forecasts on Barclays stock, see the GB:BARC Stock Forecast page.
Spark’s Take on GB:BARC Stock
According to Spark, TipRanks’ AI Analyst, GB:BARC is a Outperform.
Barclays’ strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The technical analysis supports a bullish outlook, while the valuation suggests the stock is attractively priced. Despite some cash flow volatility and external challenges, the overall outlook remains positive.
To see Spark’s full report on GB:BARC stock, click here.
More about Barclays
Barclays is a diversified financial institution aiming to be the UK-centred leader in global finance. It operates through five divisions, including UK consumer, corporate, wealth and private banking, a leading investment bank, and a specialist US consumer bank, working towards a better financial future for its stakeholders.
Average Trading Volume: 34,167,901
Technical Sentiment Signal: Buy
Current Market Cap: £50.41B
For an in-depth examination of BARC stock, go to TipRanks’ Overview page.