Business & Investment

Barclays shares (LSE: BARC) have risen 16% in three months. What’s next?

one FTSE 100 The inventory I’m paying attention to Barclays (LSE: BARC).. For me, the “Blue Eagle” bank has the potential to help the health of the UK economy, as the bank’s earnings are so cyclical. Of course, Barclays’ stock price raged in 2020, but has skyrocketed since its lows in the spring of 2020. Indeed, stocks have barely missed a beat since February and have steadily risen to their current highs. But has the stock lost momentum after the strong move of BARC?

Stock prices fall and soar

It’s been a long time since Barclays shares reached their first high in five years, reaching early 2017. On February 23, 2017, BARC reached a daytime high of 244.4p and closed at 229.05p.However, since then, inventories have steadily declined by 2019. 179.64p. Then there was the coronavirus and the collapse of the world economy. Bank stocks melted down and plunged to a daytime low of 73.04p on March 19, 2020. After that, it bounced strongly last summer and closed again at 91.55p on September 25, last year.

One killer stock for cybersecurity surges

Cybersecurity is skyrocketing and experts say Cybersecurity market will reach US $ 366 billion by 2028 — — More than double today!

And with such growth, this North American company will be the biggest winner.

Because their patented “self-healing” technology is changing the outlook for cybersecurity, as we know it …

We believe it could be the next well-known technology success story.In fact, we think it could be just as big … or Bigger than Shopify.

Click here to find out how to identify the name of this North American stock It’s taking over Silicon Valley on one device at a time …

However, on “Vaccine Monday” (November 7, 2020), news of effective Covid-19 vaccines sent soaring strains around the world. BARC has regained its vibrancy and closed 2020 with 146.68p.Today, as I write, Barclays stocks are trading around 195.4p, almost doubled (+ 92.5%) in the last 12 months. In addition, recent stock prices have been strong, rising 15.6% in three months.This puts it in 12th among FTSE 100 risers since July 15th. But did BARC run that course, or is there more fuel in the tank for future benefit?

Would you like to buy BARC today?

Barclays’ share price is just 3p below its 52-week high, isn’t this overkill and too fast? I’m not sure, but the fundamentals of a veteran value investor still look good, so there may still be room for growth. At current prices, the bank has a market value of £ 32.9 billion, making it a heavyweight FTSE 100. The stock is traded with a low price-earnings ratio of 7.4 and a rate of return of 13.5%. BARC’s dividend yield is modest at 1.5% per year, following the withdrawal of dividends in 2020 at the request of UK regulators. For me, there is plenty of room for Barclays to raise dividends significantly.

I don’t have BARC right nowBut when the stock price drops below the current level, I want to buy it. But today I don’t buy BARC anyway. Purely because I want to wait for the big news in a week. Next Thursday (October 21st), Bank announced the results for the third quarter of 2021. This is enthusiastically expected by both institutional and individual investors. If earnings continue to increase and bad debts continue to decrease, this can bring new life to equities. This may also be good news for BARC if the group’s international and investment banking sectors are doing well.

Inflation, supply chain constraints, and rising energy prices have also hit consumers hard, which can be bad news for banks. Therefore, we may not buy at the current Barclays stock price, but may be willing to fall or further improve the underlying fundamentals. For now, I’ve been sitting on the fence for a week until I see the next set of figures!

Free Report: Why This £ 5 Stock Can Soar

Are you looking at UK growth stocks?

If so, Take this freedom Report without strings now..

While it is available: You will discover what we consider to be the top growth stock in the next decade.

And the performance of this company is really great.

2019, It returned £ 150a million To our shareholders Through buybacks and dividends.

We believe that its financial position is about as solid as what we have seen.

  • Annual revenue since 2016 31% increase
  • One of its senior directors in March 2020 Loaded 25,000 shares – Positions worth £ 90,259
  • Cash flow from operating activities increased by 47%. (Operating profit margin is also rising every year!)

Simply put, we believe it’s a great stupid growth choice.

Moreover, it deserves your attention today.

So don’t wait a little longer.

The report is free, but get more information on this £ 5 stock now.


Cliff Darcy There are no positions in any of the listed shares. Motley Fool UK recommends Barclays. The views expressed about the companies mentioned in this article are those of the author and may differ from the official recommendations made by subscription services such as Share Advisor, Hidden Winners, and Pro. Here at The Motley Fool, by exploring different insights, Better investors than us.



Barclays shares (LSE: BARC) have risen 16% in three months. What’s next?

https://www.fool.co.uk/investing/2021/10/14/the-barclays-share-price-lse-barc-is-up-16-in-3-months-what-next/ Barclays shares (LSE: BARC) have risen 16% in three months. What’s next?

Back to top button