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Barclays ( (GB:BARC) ) just unveiled an announcement.
Barclays PLC has announced the sale of its entire shareholding in Entercard Group AB to Swedbank AB, its joint venture partner. This transaction, valued at SEK2.6 billion, is expected to enhance Barclays’ financial position by releasing approximately £0.9 billion of risk-weighted assets and increasing its CET1 ratio by about 4 basis points. The completion of the sale, anticipated by the end of 2025, is contingent upon receiving necessary regulatory and competition approvals.
The most recent analyst rating on (GB:BARC) stock is a Buy with a £4.45 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 PLC is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking, and wealth management. The company operates across various markets, focusing on delivering financial solutions to individuals, businesses, and institutions worldwide.
Average Trading Volume: 35,732,417
Technical Sentiment Signal: Buy
Current Market Cap: £52.51B
See more insights into BARC stock on TipRanks’ Stock Analysis page.