London, June 12, 2026, 09:22 BST
- Barclays shares in London added 17.80p, or 3.96%, at 466.65p/466.80p. That was ahead of the FTSE 100, which moved up 1.30%.
- European bank stocks jumped after oil prices dropped, and traders returned to risk assets. Reuters said early Friday that Barclays and Standard Chartered both traded over 2% higher.
- Investors Chronicle cited LSEG data putting Barclays’ median 12-month price target at 550p.
Barclays PLC shares jumped Friday, standing out among London-listed banks as buyers came back to European stocks. Hargreaves Lansdown quoted Barclays at 466.65p to sell and 466.80p to buy, a gain of 17.80p, or 3.96%. The stock opened at 462.85p, higher than its previous finish at 448.95p. Barclays’ market cap showed at about £63.14 billion on the same screen.
Banking stocks climbed with the rest of the European market. The pan-European STOXX 600 index added 1.2% early Friday, according to Reuters, after Brent crude dropped more than 2%. Investors were less worried about a broadening conflict in the Middle East. European bank shares jumped 2.3%. Barclays and Standard Chartered each traded up more than 2% in the morning.
Barclays shares moved higher, ignoring new UK growth numbers that showed more pressure on local banks. The Office for National Statistics reported that monthly real GDP edged down 0.1% in April 2026 after a 0.3% rise in March and 0.4% in February. Services fell 0.2%, production was flat, construction ticked up 0.1%. For Barclays, which has a big UK customer base, slower growth keeps questions around loan demand and credit quality in play even as the stock bounces.
Barclays’ Q1 numbers are on the table as investors sort through the wider macro picture. The bank posted income of £8.2 billion, profit before tax at £2.8 billion, return on tangible equity at 13.5%. EPS came in at 14.1p. Barclays also announced a £500 million buyback. Chief executive C.S. Venkatakrishnan called it “another solid quarter.” The bank kept its RoTE targets—over 12% for 2026 and above 14% in 2028. Investegate
Barclays still faces some pressure beneath the main figures. The bank booked £823 million in credit impairment charges for the quarter, with £228 million of that tied to a single-name charge in its investment bank. Litigation and conduct costs were up too, mainly from a £105 million bump for the FCA motor finance redress scheme. Barclays said it now sees its 2026 loan-loss rate landing near the upper end of its 50–60 basis-point range.
Analyst calls are still mostly positive. Investors Chronicle, using LSEG data as of June 4, counted three buy ratings, 12 outperform, and three hold. There were no sell or strong-sell calls. From 14 analysts with 12-month price targets, the median was 550p, with the highest at 630p and the lowest at 455p. Shares traded around 466p on Friday, so the median target suggests about 18% upside.
Barclays is set to report its next earnings on July 28, 2026. Investors want to see if the bank can keep a grip on costs and keep up the income pace as it handles impairment charges. Reuters notes Barclays’ broad business: the company runs Barclays UK, UK Corporate Bank, Private Bank and Wealth Management, Investment Bank, and US Consumer Bank. That lineup means the stock has ties to both UK lending and global capital markets.
