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An update from Barclays ( (GB:BARC) ) is now available.
Barclays PLC has announced the redemption and cancellation of its £1,000,000,000 6.375% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities, originally issued in September 2019. The redemption will occur on December 15, 2025, at the principal amount plus any accrued interest, marking a strategic financial move that may impact the company’s capital structure and investor relations.
The most recent analyst rating on (GB:BARC) stock is a Buy with a £445.00 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 attractive valuation are the primary drivers of its high score. The positive earnings call further supports the outlook, despite some technical indicators suggesting caution. The absence of corporate events does not impact the overall assessment.
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, with a strong focus on providing comprehensive financial solutions to its clients worldwide.
Average Trading Volume: 35,489,708
Technical Sentiment Signal: Buy
Current Market Cap: £56.6B
See more insights into BARC stock on TipRanks’ Stock Analysis page.