Citigroup cuts target to GBp 500 for Barclays stock

Published on 10/12/2026 at 10:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit before tax rose 17.00 percent to GBP 6.10 billion. Barclays stock costs EUR 5.15 on October 12, 2026 before results on October 22, 2026.

Key points in brief

Citigroup cut Barclays' price target from GBp 510.00 to GBp 500.00 and assigned a neutral rating on September 23, 2026.
First-half 2026 profit before tax rose 17.00 percent to GBP 6.10 billion, while income reached GBP 16.50 billion.
Barclays stock stood at EUR 5.15 at Lang & Schwarz on October 12, 2026 at 10:15 a.m. CEST.
The bank is scheduled to report third-quarter 2026 results on October 22, 2026.

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Barclays (ISIN GB0031348658) was at EUR 5.15 at Lang & Schwarz on October 12, 2026 at 10:15 a.m. CEST as Citigroup cut its Barclays target from GBp 510.00 to GBp 500.00 and assigned a neutral rating in a report dated September 23, 2026, according to Ground News. The target cut gives the latest analyst action a clear reference point, while the bank's upcoming results will test its earnings trajectory.

Profit rose 17.00 percent

For the six months ended June 30, 2026, Barclays reported profit before tax of GBP 6.10 billion, up 17.00 percent from the prior-year period, while group income increased 11.00 percent to GBP 16.50 billion, according to Halifax.

The result included a one-off GBP 225.00 million gain from the sale of the American Airlines credit card portfolio. Barclays also raised its 2026 income goal to GBP 31.50 billion and reported a 14.30 percent CET1 ratio for the half-year period.

Three dated events and figures

On July 28, 2026, Barclays reported GBP 6.10 billion of first-half profit before tax and announced a GBP 1.00 billion buyback. On October 1, 2026, a filing showed that the bank had purchased 129,220,383 ordinary shares through September 25, 2026, at a volume-weighted average price of GBp 494.00, according to StockTitan. On September 23, 2026, Citigroup reduced its target from GBp 510.00 to GBp 500.00, the latest analyst figure covered here.

What comes next for earnings?

Barclays is scheduled to present its third-quarter 2026 results on October 22, 2026, according to finanzen.ch. The date matters because the bank's 2026 income target of GBP 31.50 billion and its 14.30 percent CET1 ratio set measurable benchmarks for the next report.

Barclays stock and the next session

The current Lang & Schwarz indication was EUR 5.15 on October 12, 2026 at 10:15 a.m. CEST. Barclays is listed on the London Stock Exchange under ticker BARC.L, and the ordinary shares are quoted in GBp on that primary market, according to Global Banking and Finance. The further course of trading is shown by the continuously updated real-time quote of Barclays stock.