Barclays share price: what’s the outlook for 2020?
The UK banking environment remains challenging, but analysts from Goldman Sachs and Jefferies remain upbeat about Barclays share price in 2020.
The UK banking sector remains under pressure, but the industry has performed relatively well considering the myriad of headwinds it faces, with Barclays weathering challenging times in 2019 and investors hoping for clearer skies in 2020.
Barclays successful navigation of the past 12 months is reflected in its share price which is up 13% since this time last year, with it trading at 180p a share as of 15:30 GMT on Monday.
Looking to trade Barclays and other bank stocks? Open a live or demo account with IG.
Goldman Sachs and Jefferies upbeat about Barclays share price
Analysts from Goldman Sachs and Jefferies are optimistic about Barclays share price trajectory in 2020, with the pair both reiterating their respective ‘neutral’ and ‘buy’ ratings in December.
Both US-based investment banks also upgraded their price targets for the stock too, with Goldman issuing a price target of 235p, while Jefferies offered a target of 244p.
Based on Barclays trading at 180p a share, analysts from both banks believe the stock has a potential upside of between 30.5% - 35.5%.
You can go long or short with IG using derivatives like CFDs and spread bets.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
