Citi Raises Barclays (BCS) PT to 360 GBp on Strong Q1 2025 Performance

On June 4, Citi increased the price target for Barclays (NYSE:BCS) from 345 GBp to 360 GBp, while maintaining a Buy rating on the shares.

An investor looking at a stock chart, representing the bank’s securities dealing.

In Q1 2025, Barclays reported a Return on Tangible Equity (RoTE) of 14% for. Total income for the quarter was GBP7.7 billion, with a cost-income ratio of 57%. Net Interest Income saw a 13% year-on-year increase to GBP3 billion. Barclays UK achieved an RoTE of 17.4% for Q1, while the Investment Bank’s RoTE was 16.2%. The US Consumer Bank, however, reported a lower RoTE of 4.5%.

Barclays is also making good progress in cost efficiency, having realized GBP150 million of the anticipated GBP500 million growth cost efficiency savings for the year. However,  weaker client confidence is causing delays in investment banking transactions, which is impacting investment banking fees. The Q1 group impairment charge of GBP0.6 billion was slightly above the 0.05%-0.06% guidance, which reflects broader economic uncertainties.

Barclays (NYSE:BCS) provides various financial services in the UK, Europe, the Americas, Africa, the Middle East, and Asia.

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Disclosure: None. This article is originally published at Insider Monkey.