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barclays lowers allfunds price target to 830 euros maintains overweight rating

Barclays has lowered its price target for Allfunds Group Plc to EUR8.30 from EUR8.50 while maintaining an Overweight rating. The adjustment reflects expected outflows from the transfer of Credit Suisse's business, though the firm anticipates a 14% growth in earnings per share for fiscal year 2024, driven by favorable market conditions and strong operational performance. Investors will be focused on management's guidance for fiscal year 2025, particularly regarding new distributor pipelines and revenue margins as interest rates in Europe decline.

Barclays lowers Allfunds price target but maintains Overweight rating amid challenges

Barclays has lowered its price target for Allfunds Group Plc to EUR8.30 from EUR8.50 while maintaining an Overweight rating. Analyst Michael Sanderson anticipates a 14% growth in earnings per share for fiscal year 2024, driven by favorable market conditions and strong operational performance, despite challenges from Credit Suisse's business transfer. Investors will be focused on management's guidance for fiscal year 2025, particularly regarding new distributor pipelines and revenue margins as European interest rates decline.
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