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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Barclays Plc    BARC   GB0031348658

BARCLAYS PLC

(BARC)
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Delayed Quote. Delayed London Stock Exchange - 08/12 11:35:25 am
111.5 GBX   -0.09%
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Barclays : Expects Rise in CET1 Ratio for End 2Q, Ahead of Views

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07/13/2020 | 06:40am EDT

By Sabela Ojea

 

Barclays PLC said Monday that it expects to report an increased common equity Tier 1 ratio--a key measure of balance-sheet strength--for the end of the second quarter, ahead of estimates, thanks to the positive effects of its regulatory changes.

The bank said that it currently expects to post a CET1 ratio of around 14% at June 30, up from 13.1% as at March 31.

The London-listed lender said the regulatory changes include amendments to the capital requirements regulation put in place in June, as well as transitional relief relating to IFRS 9 impairments and implementation of revised rules for the calculation of the prudential valuation adjustment to capital.

"In addition, risk weighted assets as at June 30 are expected to be lower than previously anticipated," Barclays said.

However, it said that there could be headwinds to the CET1 ratio in the second half due to the procyclical effects on risk weighted assets, as well as reduced transitional relief on IFRS 9 impairment.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

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Financials
Sales 2020 21 222 M 27 685 M 27 685 M
Net income 2020 341 M 444 M 444 M
Net Debt 2020 - - -
P/E ratio 2020 47,5x
Yield 2020 0,10%
Capitalization 19 336 M 25 226 M 25 224 M
Capi. / Sales 2020 0,91x
Capi. / Sales 2021 0,93x
Nbr of Employees 80 800
Free-Float 99,6%
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Technical analysis trends BARCLAYS PLC
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 141,28 GBX
Last Close Price 111,50 GBX
Spread / Highest target 111%
Spread / Average Target 26,7%
Spread / Lowest Target -34,5%
EPS Revisions
Managers
NameTitle
James Edward Staley Group Chief Executive Officer & Director
Nigel Paul Higgins Group Chairman
Mark Ashton Rigby Group Chief Operating Officer
Tushar Morzaria Group Finance Director & Executive Director
Timothy James Breedon Independent Non-Executive Director
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