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Weekly Trader and Bond Markets 17.02.2025 – Barclays, Glanbia & Smurfit Westrock

17.02.2025



Opportunities this week:

  • Last Thursday Barclays reported a solid set of earnings for the FY and Q4, following which we updated our target price to 350p from 273p, and upgraded the stock to a Buy from a Hold recommendation.
  • Ahead of Glanbia’s FY24 results on the 26th of February, we believe it is opportune to highlight our buy rating and the 36% upside to our €19.40 price target on the stock.
  • Following Smurfit Westrock’s first set of full year results on Wednesday last week, which were slightly soft but reassuring nonetheless, we are reiterating our BUY rating on the stock, our price target of $59 provides 10% upside.