Barclays PLC [BCS] Stock Forecast

Tesco (LON: TSCO) share price is having a spectacular year as it approaches $300. The stock was trading at 287.70p on Friday, 55% above the lowest level in 2022.

Barclays' (BCS) largest shareholder, Qatar, sells almost half of its stake in the British bank, adding pressure on CEO, months before he discloses a new strategy to boost performance.

Entain's management has spelt out a clear path for medium and long-term growth, says Barclays, but the guide for near-term underlying profits [EBITDA] guide is below expectations and now it has to deliver. Clear evidence of execution is now needed say analysts at the bank, primarily through a recovery in market share and building it up through 2024/25.

Citigroup and Bank of America were left holding some shares in Barclays after they could not identify enough demand for a 510 million pound ($642 million) stake sold by Qatar Holding, people familiar with the matter told Reuters.

Shares in Barclays dipped on Tuesday after Qatar's sovereign wealth fund started selling its stake in the British bank, just weeks before the lender is set to unveil a new strategy to improve its performance and boost profitability in February 2024.

Qatar's sovereign wealth fund is slashing its stake in Barclays, the UK bank that is coming under pressure from investors to overhaul its strategy and improve its performance, according to reports.  Qatar Holding, a subsidiary of the Qatar Investment Authority that helped bail out Barclays during the global financial crisis, launched the sale on Monday of almost 362 million shares, worth about £510 million, the Financial Times reported.

Barclays shares opened down 4.5% on Tuesday after one of the bank's largest shareholders Qatar Holding moved to sell around 510 million pound ($644 million) of its stock, cutting back on its crisis-era investment in the bank.

Qatar Holding is looking to sell around 510 million pounds ($643.72 million) of shares in Barclays , one of the banks acting on the deal said on Monday, cutting back on its crisis-era investment in the British bank.

Several banks have announced mortgage rate cuts on Thursday as lenders increasingly compete to entice customers after base interest has been consecutively held. Barclays PLC (LSE:BARC) announced a fixed five-year deal at 4.39% for those looking at a 60% loan-to-value mortgage from Friday, down from 4.78% beforehand.

Endeavour Mining is heading into 2024 in good shape, according to analysts at Barclays helped by geo-politics and its own efforts. An upcoming resource upgrade on Tanda-Iguela should trigger NPV upgrades, says the bank while the gold price looks interesting given ongoing elevated geopolitical risk, low current VIX levels and record central bank buying.

Barclays PLC is a GB stock and trading under the symbol BCS

Barclays PLC stock price is $7.34 today.

Yes, Barclays PLC is a publicly traded company.