Goldman Sachs keeps Buy on Barclays stock at GBp 680.00 target

Published on 10/07/2026 at 10:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter income rose 16.00 percent to GBP 8.3 billion. Barclays stock costs EUR 5.23 on October 7, 2026 versus EUR 5.28 prior.

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Barclays (ISIN GB0031348658) was trading at EUR 5.23 at Lang & Schwarz on October 7, 2026 at 10:11 a.m. CEST, down 0.95 percent versus the EUR 5.28 prior close. The latest analyst signal came on October 5, 2026, when Goldman Sachs analyst Chris Hallam maintained a Buy rating and set a GBp 680.00 price target, as Markets Insider reported.

Goldman Sachs keeps its Buy rating

The GBp 680.00 target places the analyst view above the London-listed ordinary share price quoted in pence, but the two prices are different venue and currency references from the euro quote used here. Goldman Sachs was not the only named bank in the report: J.P. Morgan issued a Buy rating on October 1, 2026, while Citi maintained a Hold rating on September 23, 2026, according to Markets Insider.

For investors, the key distinction is that the analyst target is expressed in GBp, whereas the reference quote is in EUR. The daily euro move was minus 0.95 percent, so the stock's intraday state does not support a directional headline claim.

Second-quarter income rose 16.00 percent

Barclays reported second-quarter 2026 income of GBP 8.3 billion, up 16.00 percent from the year-earlier period, while attributable profit rose 36.00 percent year over year. The figures were published by ScanX on September 17, 2026.

Return on tangible equity reached 16.10 percent in the second quarter of 2026, compared with 12.30 percent a year earlier. The cost-to-income ratio improved to 54.00 percent from 59.00 percent, giving the results a clearer profitability angle than income growth alone, according to ScanX.

Guidance sets the earnings test

Barclays also lifted its full-year 2026 income guidance to GBP 31.5 billion from GBP 30.0 billion. The higher target, combined with the 16.10 percent second-quarter return on tangible equity, gives investors two figures for assessing whether revenue growth is translating into returns.

Shareholder distributions for the first half of 2026 totaled GBP 2.3 billion, including a GBP 1.0 billion buyback and a GBP 800.0 million interim dividend, according to ScanX. That capital-return figure is relevant because the bank is balancing distribution plans with continued investment and credit costs.

Barclays stock stays in trading

Barclays ordinary shares are listed on the Main Market of the London Stock Exchange under ISIN GB0031348658, as TradingView reported on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Barclays stock.