Barclays (BARC)

Sector:

Banking

Index:

FTSE 100

204.40p
   
  • Change Today:
      0.40p
  • 52 Week High: 204.73
  • 52 Week Low: 129.20
  • Currency: UK Pounds
  • Shares Issued: 15,007m
  • Volume: 30,305,895
  • Market Cap: £30,674m
  • RiskGrade: 213

Covid-19 concerns clouding the outlook for stocks, BoA survey says

By Alexander Bueso

Date: Tuesday 17 Aug 2021

LONDON (ShareCast) - (Sharecast News) - A majority of global investors continue to expect the rally in European equities to continue in 2022, the results of a closely-followed survey revealed.
However, growth expectations had been cut "sharply", partly on the back of concerns about the Covid-19 Delta variant, making investors a tad more cautious.

According to Bank of America's July fund manager survey, a "mere" 44% of survey respondents were now expecting further improvement in the euro area economy over the next 12 months.

That was the least since June and down from a peak of 94% in March.

Strategists at BoA concurred, telling clients: "We agree and see little scope for a renewed growth acceleration, given the advanced stage of reopening and clear signs of a loss in US growth momentum."

In parallel, 19% of investors now saw Delta as the biggest tail risk, up from 9% in May, against 20% who believed inflation was the biggest threat and 22% who worried most about a so-called 'taper tantrum' in the bond market.

Just over half of the respondents, or 51%, expected the equity rally to continue into 2022, the same proportion as in June, but 40% now thought that it would end in the fourth quarter, up from 20% in the previous month's survey.

A net 23% of investors meanwhile said they were now overweight cash.

On the flip-side, only 5% saw downside risk for European equities by year-end.

A majority of investors or 70% still also saw upside for the so-called 'reflation trade', with Technology, Banks and Insurers the most preferred sectors.

Furthermore, in anticipation of rising bond yields, 67% of investors still saw Banks as attractive, BoA said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Barclays Market Data

Currency UK Pounds
Share Price 204.40p
Change Today 0.40p
% Change 0.20 %
52 Week High 204.73
52 Week Low 129.20
Volume 30,305,895
Shares Issued 15,007m
Market Cap £30,674m
RiskGrade 213

Barclays Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.08% above the market average99.08% above the market average99.08% above the market average99.08% above the market average99.08% above the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average
Price Trend
91.74% above the market average91.74% above the market average91.74% above the market average91.74% above the market average91.74% above the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average
Income
78.97% above the market average78.97% above the market average78.97% above the market average78.97% above the market average78.97% above the market average
73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average
Growth
47.84% below the market average47.84% below the market average47.84% below the market average47.84% below the market average47.84% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 3
Sell 1
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Barclays Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Feb-24 10-Aug-23
Paid 03-Apr-24 15-Sep-23
Amount 5.30p 2.70p

Trades for 26-Apr-2024

Time Volume / Share Price
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14:45 352 @ 204.40p
14:45 627 @ 204.35p
14:45 250 @ 204.16p

Barclays Key Personnel

CEO C.S. Venkatakrishnan

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