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Barclays ( (GB:BARC) ) has issued an update.
Barclays PLC announced the repurchase and cancellation of 3,944,563 ordinary shares as part of its ongoing share buy-back program. This move reduces the total issued share capital to 13,922,759,891 shares, potentially impacting shareholder calculations under FCA rules and reflecting the company’s strategy to enhance shareholder value.
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 player in the financial services industry, offering a wide range of products and services including retail banking, credit cards, corporate and investment banking, and wealth management. The company primarily operates in the UK and US markets, focusing on providing comprehensive financial solutions to individuals, businesses, and institutions.
Average Trading Volume: 35,489,708
Technical Sentiment Signal: Buy
Current Market Cap: £56.6B
Learn more about BARC stock on TipRanks’ Stock Analysis page.