Berenberg: Barclays undervalued after Q2 decline, shares down
Berenberg’s Michael Christodoulou said Barclays is undervalued after the stock fell 6.2% over the past month and has not recovered from its decline following second-quarter results. Forward EPS estimates were broadly unchanged.
Barclays is undervalued as the bank's stock has fallen 6.2% over the past month and hasn't recovered from a decline after second-quarter results, Berenberg's Michael Christodoulou says.
Two-year forward consensus earnings per share estimates have remained broadly the same during the period, while t…