RBC Capital Lifts PT on Barclays PLC (BCS) to 435 GBp From 355 GBp

Barclays PLC (NYSE:BCS) is one of the best NYSE stocks to buy under $20. On August 5, RBC Capital raised the firm’s price target on Barclays PLC (NYSE:BCS) to 435 GBp from 355 GBp, keeping an Outperform rating on the shares.

On July 23, Barclays PLC (NYSE:BCS) announced that it signed a new multi-year strategic agreement with S&P Global.

Management reported that the mutually beneficial agreement encompasses “access to a comprehensive suite of S&P Global products, data and solutions, powered by S&P Capital IQ platform, to support Barclays’ businesses across its enterprise and help enhance the bank’s offerings to customers.”

The agreement also entails that Barclays PLC (NYSE:BCS) will contribute “certain data to S&P Global’s cross-asset pricing and valuation services, enhancing accuracy and coverage in bonds, loans, credit and derivative pricing across the liquidity spectrum”.

Headquartered in London, Barclays PLC (NYSE:BCS) is a bank holding company that provides credit cards, retail banking, wealth management, and corporate and investment banking services.

Its operations are divided into the following segments: Barclays United Kingdom (UK), Barclays United Kingdom (UK) Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank, Barclays United States (US) Consumer Bank, and Head Office.

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