Time to Bank with Barclays

Time to Bank with Barclays

Barclays held its hands up (eventually!) and accepted all fines aimed their way regarding various rigging and unethical activities says Thomas Richardson at www.mbcapital.co.uk . These departments however are becoming an increasingly smaller part of a retail high street bank with a strong balance sheet. With this in mind we believe the worst is out there and now behind them giving investors the opportunity to pick the shares up at a year low. Short term investors can put a tight stop loss just under the recent low and cut the position if it breaks this. We’d like to see an initial 10% upside on the position before we enter the New Year and believe we could get the momentum to achieve our target price of 250.

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