'Many happy returns': Barclays names 2 global stocks it says has over 100% upside to play right now
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2024
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Source: CNBC
- Aston Martin Stock Analysis: Barclays analysts predict Aston Martin's shares to more than double in the next year, with a price target of £300, despite recent declines and first-quarter losses.
- BP Stock Potential: Barclays also sees significant upside potential for British oil and gas company BP, with an overweight rating and a price target of £10, representing over 100% increase from the current price.
- European Market Outlook: Barclays is optimistic about the European market, noting strong capital returns, resilient margins, and positive EPS revisions. They highlight growth opportunities in sectors like real estate, construction, and financials.
- Stock Performance: Aston Martin's London-listed shares have declined by 46.5% in the last year, while BP's London-listed shares have increased by 4% during the same period.
- Overall Market Trends: Despite recent dips, Europe's Stoxx 600 index has shown overall growth, up by 9.6% year-to-date and 15.2% in the past year, with Barclays observing favorable growth and policy dynamics in the region.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
