Barclays Downgraded by Analysts

Morningstar equity analysts have cut the bank's fair value estimate by 30p after it reported weak profits in the year to date

Derya Guzel 26 October, 2017 | 4:00PM
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Barclays Bank

Morningstar equity analysts are lowering Barclays’ forecasts for 2017, resulting in a lower fair value estimate of 220p per share, down from 250p. This follows a weak profitability performance in the year to date, burdened by lower income generation – in both Barclays UK and Barclays International, its investmen bank – and higher costs.

While shares currently offer some upside, we believe the risk attached has increased, hence our high uncertainty rating. We still prefer Lloyds over Barclays within the UK banking space.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Barclays PLC180.00 GBP0.00Rating
Lloyds Banking Group PLC46.68 GBP0.00Rating

About Author

Derya Guzel  is an Equity Analyst for Morningstar

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