Barclays Share Price (LON:BARC) Moves Higher As Target Raised To 435p

Barclays share price (LON:BARC) has come down a little from recent multi-year highs, with a 2.9% pullback from what looks to be shaping up as a little bit of near term resistance at 375p.

The shares are being given some renewed bullish impetus, following a recent analyst call. RBC Capital made the decision to raise its price target to 435p from 355p, seeing a potential upside of ~20% from the current BARC price action.

The firm maintained its “Outperform” rating, signaling continued confidence in the British bank's prospects within it's sector. The upward revision follows a string of positive price target adjustments from other leading financial institutions, reflecting growing optimism in Barclays' strategic direction and financial health.

Barclays' robust historical performance further bolsters the bullish narrative. Over the past month, Barclays' stock has risen by 8.96%, with gains of 36.5% since the turn of the year. The one-year return stands at an even more impressive 75%, while the five-year return sits at 248%. This is the story of a consistent climber, with the stock stair stepping higher.

The positive outlook is also supported by strong financial results.

Barclays reported a return on tangible equity (RoTE) of 13.2% in the first half of 2025, accompanied by capital distributions of £1.4 billion.

Furthermore, the company initiated a £1 billion share buyback program, fueled by robust trading and investment banking performance amid heightened market volatility.

The consensus estimate for Q2 2025 earnings is 50 cents per share, reflecting a 19.1% increase from the prior year.

Several other financial institutions have also recently revised their price targets for Barclays upwards. Shore Capital increased its target to 410p, reiterating a “Buy” rating. JPMorgan also set a target of 410p, assigning a “Top Pick” rating.

CEO comments from recent earnings calls have reinforced this positive outlook, with management emphasizing the bank's commitment to delivering sustainable returns and driving shareholder value.

Analyst Summary: Bull and Bear Cases

However, investors should also consider potential risks. Economic uncertainty, regulatory changes, and increased competition could all pose challenges to Barclays' future performance. Monitoring macroeconomic indicators and industry trends will be crucial for assessing the bank's ability to maintain its current momentum.