RBC Capital Lifts PT on Barclays PLC (BCS) Following Q1 Results

Barclays PLC (NYSE:BCS) is one of the best strong buy growth stocks to buy right now. RBC Capital lifted the price target on Barclays PLC (NYSE:BCS) to 575 GBp from 550 GBp on April 29 and maintained an Outperform rating on the shares. The rating update came after the company released its fiscal Q1 2026 results, with the firm telling investors in a research note that its profit estimate increased by 4%, driven by operating income and partially offset by operating expenses.

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

In its fiscal Q1 2026 results, Barclays PLC (NYSE:BCS) reported that it attained a 13.5% RoTE with double-digit returns in all its businesses. Top-line income grew 6% year-on-year, attributed to broad-based divisional performance, including in the Investment Bank, where the company generated over £4 billion in quarterly income for the first time.

Barclays PLC (NYSE:BCS) further reported that the income ratio improved to 56% and earnings per share (EPS) grew by 8% to 14.1p, with its capital position remaining robust with a 14.1% common equity tier 1 ratio. The company also announced a £500 million buyback and expressed confidence in delivering all its financial targets across a range of environments.

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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