Barclays announces GBP 500 million buyback. Jefferies targets Barclays stock at GBp 600.00

Published on 10/27/2026 at 09:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies kept a GBp 600.00 target on October 26, 2026. Barclays stock costs EUR 4.99 at Lang & Schwarz on October 27, 2026.

Capital return and valuation

Barclays announced a GBP 500 million buyback on October 23, 2026.
The program can run until April 16, 2027 and uses up to 1,378,798,169 authorized shares.
Barclays stock was EUR 4.99 at Lang & Schwarz at 9:16 a.m. CEST on October 27, 2026.

Barclays, GB0031348658, Illustration mit AI erstellt.

Barclays PLC announced a GBP 500 million share buyback on October 23, 2026, while Jefferies kept a GBp 600.00 price target on October 26, 2026. Barclays stock was EUR 4.99 at Lang & Schwarz at 9:16 a.m. CEST on October 27, 2026.

A second buyback begins

According to the TradingView copy of the RNS release, Barclays will start the program after completion of a separate GBP 1.0 billion buyback that began on July 29, 2026. The new program must end no later than April 16, 2027, subject to regulatory approval.

The shares bought under the program will be canceled, reducing Barclays' share capital. J.P. Morgan Securities will conduct on-market purchases on the London Stock Exchange as an independent riskless principal, with decisions made without further instruction from Barclays.

Why the share count matters

The authorization allows Barclays to repurchase up to 1,378,798,169 ordinary shares, less shares purchased or due to be purchased under the earlier program. The release says the buyback will not cover purchases in the United States or Barclays American Depositary Receipts.

What does the target imply?

Markets Insider reported on October 26, 2026, that Jefferies analyst Jonathan Pierce reiterated a Buy rating and a GBp 600.00 target. The same report cited a GBp 580.00 target from JPMorgan and a GBp 460.00 target from Citigroup, showing that analyst views remain differentiated even as the buyback adds a defined capital-return action.

Stock remains the market gauge

For investors, the key distinction is between the announced authorization and actual repurchases. Barclays has specified the maximum consideration, the operating window and the cancellation policy, but the release does not state the number of shares that will ultimately be purchased under the new program.

The further course of trading is shown by the continuously updated real-time quote of Barclays stock.