We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

Barclays starts Brewin Dolphin, Rathbones at 'overweight'

Tue 21 September 2021 07:54 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - Barclays initiated coverage of UK wealth managers Brewin Dolphin and Rathbone Brothers on Tuesday as it took a positive stance on the sector.

The bank said wealth managers offer various attractive characteristics, including structural growth, long asset lives, and reliable capital return.

"We believe structural trends should be supplemented by cyclical tailwinds, with pent-up demand sustaining the uptick in flows seen in H1 2021," it said.

"Valuations remain reasonable despite strong share price performance year-to-date, and we see scope for further earnings upgrades with catalysts later this year."

Barclays started Brewin Dolphin and Rathbone Brothers at 'overweight' with price targets of 430p and 2,500p, respectively, The bank downgraded Quilter to 'underweight' from 'equalweight' and cut the price target to 130p from 155p "on stock-specific concerns".

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.

    More stockbroker tips from ShareCast

    Latest economy and stock market articles