Date: Sunday 29 Apr 2012
Barclays had a “good” financial crisis. It did not need a government bail-out and it managed to snap up the investment banking arm of Lehman Brothers at a bargain price after it collapsed. However, with investment banking operations come high salaries. Across the whole sector a lot of value was being created by the operation, but a large proportion was being handed to staff in large bonuses instead of being directed to the owners – its shareholders. Nonetheless, there is no doubt that the banking sector is cheap – but things are cheap for a reason. Debt problems and sluggish growth are likely to make the sector volatile. However, the average price target of City analysts is some 23pc above the current share price and the yield is 3.1pc. Ultimately, the sector should be rerated. Indeed, banking stocks were penny shares in the 1970s crisis, before recovering substantially. Investors wishing to play this should buy and hold as a speculative position. But the rating is avoid because of the uncertainty, says the Questor team at The Sunday Telegraph.
| Thursday broker round-up - UPDATE | 26-Apr-2012 | ShareCast |
| Berendsen's top line flatlines | 26-Apr-2012 | ShareCast |
| Sunday share tips: Supergroup, Royal Dutch, Bere... | 22-Apr-2012 | ShareCast |
| Murdoch's senior advisor ditches bucket load of ... | 02-Mar-2012 | ShareCast |
| Tuesday broker round-up - UPDATE | 28-Feb-2012 | ShareCast |
| Directorate Change | 24-May-2012 | 11:00 | RNS |
| Director/PDMR Shareholding | 10-May-2012 | 17:05 | RNS |
| Total Voting Rights | 30-Apr-2012 | 15:15 | RNS |
| Result of AGM | 26-Apr-2012 | 16:30 | RNS |
| Interim Management Statement | 26-Apr-2012 | 07:00 | RNS |
| Davis refuses to rule out closures despite risin... | 28-Feb-2009 | The Scotsman |
| This Igglepiggle is on the market | 25-Oct-2007 | Sun |
| First win for Aurigo as former Asda chief acquir... | 14-Jun-2007 | Times |
| London Merchant swept off its feet by Derwent's ... | 15-Nov-2006 | Times |
| Need to know: Global Business Briefing | 09-Sep-2006 | Times |
| Broker tips: buy Arm Holdings , sell Whitbread | 03-May-2009 | Sunday Telegraph |
| Review of new accounting method lifts life assur... | 20-Dec-2008 | Times |
| Tempus : Davis Service Group | 23-Oct-2008 | Times |
| The Investment Column:Davis Service Group | 23-Oct-2008 | The Independent |
| Questor : Davis Service Group | 23-Oct-2008 | Telegraph |
| UK Stocks Factors -- FTSE seen opening near flat | 01-Jul-2003 | Reuters |
| FTSE close: LSE glitch, Lloyds down | 25-Feb-2011 | This Is Money |
| FTSE preview: Lloyds, Interserve, Diageo | 25-Feb-2011 | This Is Money |
| A to Z of the Sunday newspapers | 05-Dec-2010 | This Is Money |
| Sunday newspaper share tips | 05-Dec-2010 | This Is Money |
| Midas: Uniform hire taking off for Davis | 05-Dec-2010 | This Is Money |
| Currency | UK Pounds |
| Share Price | 471.70p |
| Change Today | -0.30p |
| % Change | -0.06 % |
| 52 Week High | 568.00 |
| 52 Week Low | 402.70 |
| Volume | 319,325 |
| Shares Issued | 171.89m |
| Market Cap | £810.82m |
| Beta | 0.65 |
| Value |
|
|---|
| Price Trend |
|
|---|
| Income |
|
|---|
| Growth |
|
|---|
| Strong Buy | 7 |
| Buy | 2 |
| Neutral | 2 |
| Sell | 1 |
| Strong Sell | 1 |
| Total | 13 |

| Latest | Previous | |
|---|---|---|
| Final | Interim | |
| Ex-Div | 11-Apr-12 | 14-Sep-11 |
| Paid | 04-May-12 | 13-Oct-11 |
| Amount | 16.00p | 7.40p |
| Time | Volume / Share Price |
| 17:07 | 10,339 @ 470.60p |
| 16:35 | 36,936 @ 471.70p |
| 16:29 | 48 @ 471.00p |
| 16:29 | 61 @ 471.00p |
| 16:29 | 49 @ 471.90p |
| Finance Director | Kevin Quinn |
| CEO | Peter Ventress |
You are here: research