Barclays PLC and NatWest Group PLC both racked up gains on Monday as the dust settled and analysts weighed in on last week’s respective results.
Having both dropped in the wake of updates, Barclays added 2.9% to reach 303.2p as the new week got underway, while NatWest jumped 3.4% to 442.7p.
Despite each beating expectations, profit-taking saw the shares fall last week, alongside wider caution around falling interest rates and other concerns.
In notes on Monday, RBC and UBS stuck with backing for Barclays though, reiterating ‘outperform’ and ‘buy’ ratings respectively, as Deutsche Bank repeated a ‘buy’ for NatWest.
“Our 2026 adjusted profit before tax estimate remains broadly unchanged, as slightly lower income and higher cost estimates are offset by lower impairment,” RBC said on Barclays.
The blue eagle bank's return on tangible equity could hit 12.1% in 2026, beating guidance for 12.0%, RBC added, with shareholder rewards over the next three years seen reaching £10.9 billion.
A 340p share price target for Barclays was maintained, as UBS lifted its estimate by 10p to 350p on what it felt was likely to be “conservative” targets and remaining “real value”.
Deutsche added NatWest had set a “positive floor” with aims for over 15% return on tangible equity come 2027 and held its 460p price target.