Contact us Find us Register
Back to previous section

Citi downgrades Barclays to ‘neutral’.

Citi downgraded its stance on Barclays on Friday as it took a look at European banks and exchanges.

  • Barclays
  • 18 July 2025 10:16:45
Barclays

Source: Sharecast

"Industry wallet trends remain encouraging, but we see European wholesale banks reporting slower trading revenue growth versus US peers, due to business & regional mix, market share losses (especially at Deutsche Bank), negative FX translation (especially Barclays) and LCM marks (UBS)," it said.

Citi downgraded Barclays to ‘neutral’ from ‘buy’ but lifted the price target to 366p from 360p following the run-up in the shares.

It said Deutsche Bank and UBS remain on its least preferred list.

Citi maintained its ‘buy’ ratings on BNP and Societe Generale, but acknowledged that French political risk premium is again rising.

On exchanges, it said Deutsche Boerse and Euronext volumes are already captured in consensus and slowed as the quarter progressed.

LSEG is Citi’s preferred structural growth play but continues to be hindered by US dollar depreciation, it said.

FTSE 100 ( UKX )

ISIN: N/A
Exchange: London Stock Exchange
Sell:
0.00
Buy:
0.00
Change: 19.48 ( 0.22 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.