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An announcement from Barclays ( (GB:BARC) ) is now available.
Barclays PLC has announced the re-appointment of KPMG LLP as its statutory auditor starting from the 2027 financial year, following a formal tender process. This decision is part of Barclays’ compliance with UK regulations requiring audit tenders every 10 years and rotations every 20 years, with the re-appointment subject to shareholder approval at the 2027 Annual General Meeting.
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, offering a wide range of products and services including personal banking, credit cards, corporate and investment banking, and wealth management. The company primarily focuses on the UK market but also has a significant international presence.
Average Trading Volume: 59,269,108
Technical Sentiment Signal: Buy
Current Market Cap: £44.63B
See more insights into BARC stock on TipRanks’ Stock Analysis page.