(News Bulletin 247) – RBC on Friday raised its opinion on Barclays shares to ‘outperform’ versus ‘performance in line with the sector’ so far, with a price target raised from 215 to 230 pence, representing a potential upside. appreciation of around 50%.
In a research note, Royal Bank of Canada highlights the ‘structural’ advantage which it believes the British establishment enjoys.
“We expect its recent outperformance against its peers in both trading and investment banking to continue, with Barclays notably called upon to capitalize on the recent collapse of Credit Suisse,” explains the broker in the study.
‘The group should also reveal more information this year about its wealth management and private banking activities, whose performance is probably undervalued by the market,’ he adds.
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