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Barclays ( (GB:BARC) ) has shared an update.
Barclays PLC has executed a share buy-back program, purchasing 4,570,000 of its ordinary shares for cancellation, as part of a strategy announced earlier in the year. This move is intended to reduce the number of shares in circulation, potentially enhancing shareholder value and aligning with regulatory requirements. The completion of this transaction brings the total number of shares repurchased since February 2025 to 280,690,986, reflecting the company’s commitment to optimizing its capital structure.
The most recent analyst rating on (GB:BARC) stock is a Buy with a £2.70 price target. To see the full list of analyst forecasts on Barclays stock, see the GB:BARC Stock Forecast page.
Spark’s Take on GB:BARC Stock
According to Spark, TipRanks’ AI Analyst, GB:BARC is a Outperform.
Barclays’ strong financial performance, robust technical indicators, and strategic corporate actions contribute positively to its stock score. The buy-back program and improved earnings guidance further enhance shareholder value, despite minor challenges in the US Consumer Bank.
To see Spark’s full report on GB:BARC stock, click here.
More about Barclays
Barclays PLC is a major player in the financial services industry, offering a range of products and services including personal banking, credit cards, corporate banking, and investment solutions. The company primarily operates in the UK and US markets, focusing on delivering innovative financial solutions to its diverse client base.
Average Trading Volume: 45,938,165
Technical Sentiment Signal: Buy
Current Market Cap: £46.68B
Learn more about BARC stock on TipRanks’ Stock Analysis page.