Barclays share price surges to near-decade high after upgrade

BARCLAYS has experienced a significant uplift after the FTSE banking giant reported an impressive first quarter, fuelled by a robust performance in its investment division.

- SAMUEL NORMAN

RBC analysts have upgraded Barclays' shares, setting a target price of 340p on the stock a 14% increase. Shares rose by 0.2% during early trading yesterday, reaching a near-decade high of over 314p.

On Monday, shares peaked at 318.50p before closing at 313.30p.

The lender has seen a rise of over 17% since the start of 2025 and 46% over the past 12 months. Equity analysts Benjamin Toms and Pablo de la Torre Cuevas suggested an upside scenario could see the bank's share price reach 370p.

They predicted nearly £11bn of returns to shareholders by the end of 2026, through a mix of dividends and buybacks.