Barclays: UBS stays long after quarterly


(CercleFinance.com) – UBS reaffirms its ‘buy’ recommendation on Barclays, as well as its target price of 262 pence, a target which conceals a potential upside of 79% for the action of the British financial institution.

Returning to its last quarterly publication, the broker highlights ‘a stronger profit before provisions, driven by net interest and trading income, capital formation and still the cheapest bank in Europe’.

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