Barclays stock: UBS trims target from GBp 590.00 to GBp 588.00

Published on 10/23/2026 at 15:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 2026 profit rose 12.00 percent to GBP 2.322 billion. Barclays stock costs EUR 4.79 on October 23, 2026, down 1.96 percent versus Xetra close.

Analyst target and earnings

UBS trimmed its Barclays target from GBp 590.00 to GBp 588.00 on October 23, 2026.
Third-quarter profit before tax rose 12.00 percent to GBP 2.322 billion on October 22, 2026.
Barclays stock costs EUR 4.79 at Lang & Schwarz on October 23, 2026 at 3:38 p.m. CEST, down 1.96 percent versus the Xetra close.

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UBS trimmed its price target for Barclays from GBp 590.00 to GBp 588.00 on October 23, 2026, while retaining its buy rating. Barclays stock was trading at EUR 4.79 at Lang & Schwarz on October 23, 2026 at 3:38 p.m. CEST, down 1.96 percent versus the Xetra close of October 22, 2026 at EUR 4.89.

UBS trims target after results

According to Yahoo Finance, UBS analysts Jason Napier and Sanjena Dadawala cited a 4.00 percent shortfall in third-quarter profit before tax against consensus. Income was 3.00 percent below expectations, with fixed-income, currencies and commodities trading and banking fees among the weaker areas.

The cut was modest: the target moved 2.00 pence lower from GBp 590.00 to GBp 588.00. RBC Capital Markets kept its outperform rating and maintained a GBp 525.00 target, according to the same October 23, 2026 report.

Third-quarter earnings set the frame

Barclays reported third-quarter profit before tax of GBP 2.322 billion on October 22, 2026, up 12.00 percent from the prior-year quarter. Third-quarter income rose 3.00 percent to GBP 7.365 billion, while return on tangible equity was 11.70 percent, according to Quartr.

The bank also reaffirmed its full-year 2026 income target of GBP 31.5 billion and announced a GBP 500 million share buyback. The figures place the analyst revision against a quarter with higher profit but softer income in parts of the investment bank.

Cost cuts add a second investor signal

Barclays plans to cut 5,000 jobs during 2026, equivalent to 5.00 percent of its workforce, with 1,000 roles already removed in the first half. RTE reported that the bank had taken GBP 200 million of structural cost actions in the third quarter and planned another GBP 300 million in the final three months.

Price and valuation context

Barclays trades below the UBS target in the home-market quotation, while the euro quotation is 1.96 percent below the October 22 Xetra close. The LSE listing is Barclays PLC under ticker BARC, and the bank is a member of the FTSE 100.

The October 28, 2026 UK budget is the next dated macro event cited in the earnings coverage, with possible changes to bank taxation identified as a sector consideration. Barclays' own third-quarter results were published on October 22, 2026.

What matters for Barclays stock

The key tension is measurable: third-quarter profit before tax increased 12.00 percent, but UBS cited income 3.00 percent below consensus. The lower target therefore leaves the bank's earnings execution and cost program as the main variables for the valuation.

Trading level

Barclays was trading at EUR 4.79 at Lang & Schwarz on October 23, 2026 at 3:38 p.m. CEST, down 1.96 percent versus the Xetra close of October 22, 2026 at EUR 4.89. The Xetra quote identifies the stock at EUR 4.89 on October 22, 2026.

The further course of trading is shown by the continuously updated real-time quote of Barclays stock.