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.Is Barclays PLC (BCS) the Best Undervalued UK Stock to Buy Right Now?

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

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.

While we acknowledge the potential of BCS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

View Comments