-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We adjust our 12-month target price to USD27 from USD30. This is derived by applying a 9.1x P/E multiple to our 2026 EPS forecast. The premium over its five-year historical average forward P/E of 6.4x is justified by its improved profitability profile, earnings resilience and capital return visibility. We maintain our 2026 EPS forecast of GBP0.55 and our 2027 EPS forecast at GBP0.62. Our Buy rating is reinforced by a strong Q1 2026 performance, which serves as proof of the bank's ambitious strategic plan. Barclays showed striking resilience by absorbing about GBP333 million in notable one-off charges, including a GBP228 million fraud-related impairment and a GBP105 million motor finance provision, while still delivering a robust 13.5% RoTE. Management's commitment to shareholder returns was reaffirmed with the announcement of a new GBP500M share buyback, adding significant credibility to the multi-year framework of distributing over GBP15B to shareholders between 2026 and 2028.