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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Is the Barclays share price heading for 19% gains?

Deutsche Bank upgraded its share price target for Barclays, citing reduced risk of a no-deal Brexit for its optimism, despite the bank’s third quarter results showing continued pressure on revenues.

Barclays Source: Bloomberg

Analysts at Deutsche Bank are optimistic about Barclays' future, with the German investment bank upgrading its target price for the British bank in November.

‘While political uncertainty continues to weigh on economic activity, the risk of a crash Brexit has receded,’ Deutsche Bank told investors in a note last week.

Looking to trade Barclays and other UK bank stocks? Open a live or demo account with IG.

Deutsche Bank upbeat about Barclays share price trajectory

Deutsche Bank retained its ‘buy’ rating for the stock in November, upgrading its target price to 205p a share.

Based on Barclays share price trading at 172p as of 15:45 GMT on Tuesday, Deutsche Bank believes that the stock has a potential upside of 19%.

You can go long or short Barclays with IG using derivatives like CFDs.

Barclays Q3 results highlight pressure on revenues

Deutsche Bank’s optimism is good news for Barclays and other British lenders, especially after UK banks third quarter earnings disappointed after last-minute PPI claims nearly wiped out their profits and highlighted continued pressure remains on revenues.

Investors will be paying close attention to how the bank and its peers like Lloyds, Royal Bank of Scotland and HSBC perform in their fourth and final quarter now that the PPI scandal has finally been put to bed.

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa 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. See full non-independent research disclaimer and quarterly summary.

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