Jefferies lifts Barclays, Lloyds and NatWest price targets as UK bank rally rolls into 2026
LONDON, Jan 8, 2026, 09:26 (GMT) Jefferies has raised its price targets on Barclays, Lloyds Banking Group and NatWest Group, arguing there is still room for UK bank shares to climb despite a sharp run-up. The broker lifted its target on Barclays by 19% to 560p, Lloyds by 13% to 119p and NatWest by 14% to 720p, interactive investor reported. https://www.ii.co.uk/analysis-commentary/new-price-targets-lloyds-bank-barclays-natwest-and-others-ii537727 The calls matter because UK lenders were a major driver of last year’s gains in London’s benchmark index and are a bigger part of many portfolios than they used to be. Jefferies said it was getting harder for underweight