- Barclays partners with Brookfield Asset Management to revamp payment acceptance unit.
- Analysts predict a potential upside for Barclays PLC (BCS, Financial) shares.
- Current recommendations suggest an "Outperform" rating for Barclays.
Barclays (BCS) has taken a significant step forward by teaming up with Brookfield Asset Management to overhaul its payments acceptance unit. This strategic move is set to see the British banking giant invest approximately £400 million, predominantly over the initial three years. The collaboration allows Brookfield the opportunity to acquire up to an 80% stake in the business, which will still operate under the renowned "Barclaycard Payments" brand.
Analyst Price Target Insights
Wall Street analysts have voiced their expectations for Barclays PLC (BCS, Financial) with compelling one-year price targets. With contributions from 2 analysts, the average target price is positioned at $16.70, flanked by a high estimate of $18.50 and a conservative estimate of $14.90. This average target suggests an impressive 14.70% upside potential from the current stock price of $14.56. For further insights, you can explore more detailed estimates on the Barclays PLC (BCS) Forecast page.
Brokerage Recommendations
The collective consensus from 3 leading brokerage firms positions Barclays PLC (BCS, Financial) with an average brokerage recommendation of 2.0, signaling an "Outperform" status. This recommendation scale varies from 1, representing a Strong Buy, to 5, indicating a Sell.
GuruFocus GF Value Assessment
A look at the GF Value metric for Barclays PLC (BCS, Financial) anticipates a figure of $11.89 a year from now, implicating a potential downside of 18.34% from the present price of $14.56. The GF Value is GuruFocus's calculated estimate of the fair market value at which the stock ought to be traded. This valuation considers the historical trading multiples, previous business growth trends, as well as future performance predictions. Additional information can be accessed on the Barclays PLC (BCS) Summary page.
