Barclays Continues Share Buy-Back with Latest Purchase

The latest announcement is out from Barclays ( (GB:BARC) ).

Barclays PLC has announced the purchase and cancellation of 2,716,000 ordinary shares as part of its ongoing share buy-back program. This move, aimed at reducing the number of shares in circulation, will adjust the company’s issued share capital to 14,232,164,533 ordinary shares with voting rights, potentially impacting shareholder calculations under the FCA’s rules.

The most recent analyst rating on (GB:BARC) stock is a Buy with a £2.70 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 scores well due to its strong financial health, characterized by robust growth and liquidity, and strategic corporate actions enhancing shareholder value. The stock is attractively valued, supporting its investment case. However, technical analysis advises caution due to potential overbought conditions, and some operational challenges remain.

To see Spark’s full report on GB:BARC stock, click here.

More about Barclays

Barclays PLC is a major player in the financial services industry, primarily offering banking services, investment management, and credit products. The company operates globally, with a significant focus on the UK market, providing a wide range of financial solutions to both individual and corporate clients.

Average Trading Volume: 53,858,080

Technical Sentiment Signal: Buy

Current Market Cap: £46.06B

For detailed information about BARC stock, go to TipRanks’ Stock Analysis page.