Barclays shares were trading as high as around 790p in 2007. At that time, few people could have thought that the share price of the company would dramatically drop within the next couple of years, to reach a low of just over 50p. Even though it’s trading now at three times that price at 150p, the company’s future seems highly uncertain.
A large factor for this is Brexit. Even though Barclays is a global company, it still has significant interests in the UK and is very dependent on the UK and wider European economies for its growth. Brexit may turn out to be a bad or good thing in the long run, but we simply do not know. In the immediate future, it now appears likely that a slowdown will occur due to the Brexit uncertainty. This would be bad news for Barclays, and it reduces the possibility of Barclays shares making a sustained recovery.
Another risk facing Barclays is its strategy. The bank recently appointed a new CEO and while a new strategy that includes a lower dividend may be the best stimulus to boost Barclays’ earnings, in the meantime it’s fuelling investor sentiment to come under scrutiny. This has meant that since early 2016 the price of Barclays shares dipped by 32%, while its shares are not expensive, additional drops cannot be ruled out in the short-to-medium future, which does certainly raise questions.
On the subject of Barclays shares valuation, the company still offers major upward rerating possibilities. Its price-to-book (P/B) ratio is 0.4, which wikl let observant investors see that it’s very good value. Obviously, asset write-downs can’t be ruled out due to the uncertain outlook for the UK and European economies. Yet such a big discount to ne...
... middle of paper ...
...ket sentiment and forecasts can be as valuable as fundamentals, the drop in Barclays shares may only be a temporary setback.
Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.
Alexander Bowring is a London based writer and a Southampton Solent University Screenwriting graduate. He has worked alongside TV personality and Telegraph feature writer Alison Cork, whilst also having produced content for ITV, This Morning, Canvas8, Who 's Jack, Alison at Home, and Bonallack & Bishop Solicitors. Alexander also has a keen interest in investments.
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