UBS keeps Buy rating and GBp 600.00 target for Barclays stock

Published on 10/01/2026 at 14:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pretax profit reached GBP 6.10 billion in the first half of 2026. Barclays stock costs EUR 5.30 on October 1, 2026 versus EUR 5.37.

Glänzende Bankwolkenkratzer im Finanzviertel London bei Sonnenuntergang am Fluss — Barclays plc (ISIN GB0031348658) betreibt Investmentbanking von modernen Bürotürmen im Finanzviertel London aus, Illustration mit AI erstellt.

Barclays (GB0031348658) stock was trading at EUR 5.30 at Lang & Schwarz on October 1, 2026 at 2:44 p.m. CEST, down 1.30 percent from the prior close of EUR 5.37. On September 16, 2026, UBS kept its Buy rating and GBp 600.00 price target, according to MarketScreener.

UBS sees room above GBp 600.00

The target was unchanged, while the Buy rating kept Barclays among UBS banking-sector picks. The target is stated in GBp because Barclays trades on the London Stock Exchange, where its BARC shares are quoted in pence.

Proactive Investors reported on September 16, 2026 that UBS viewed Barclays as a top banking-sector pick and cited a GBp 600.00 12-month target. The same report said Barclays planned to spend GBP 600 million to GBP 650 million more in the second half on cost-reduction measures.

First-half profit sets the test

Barclays reported GBP 16.50 billion of income for the first half of 2026, up from GBP 14.90 billion in the first half of 2025. That represents a 10.74 percent increase, according to the H1 2026 interim summary published by MetaTrader.

Profit before tax rose from GBP 5.20 billion to GBP 6.10 billion in the same period, a 17.31 percent increase. Return on tangible equity improved from 13.20 percent to 14.80 percent, while the cost-to-income ratio fell from 58.00 percent to 55.00 percent.

The figures provide a useful counterweight to the third-quarter uncertainty cited in the UBS note. Barclays enters the next reporting date with stronger first-half profitability, but the market will also assess whether investment-banking activity and cost savings continue to support the annual outlook.

Next results arrive October 22

Barclays is scheduled to publish third-quarter 2026 results on October 22, 2026, according to MarketBeat. That date gives investors a defined checkpoint for the bank's income trajectory, capital strength and credit costs.

At Lang & Schwarz, Barclays stock stood at EUR 5.30 in trading on October 1, 2026 at 2:44 p.m. CEST, down 1.30 percent versus the Lang & Schwarz prior close of EUR 5.37 on September 30, 2026. The price source is Lang & Schwarz.