JPMorgan Lifts PT on Barclays (BCS) – Here’s Why
Key takeaways
- JPMorgan Lifts PT on Barclays (BCS) – Here’s Why Noor Ul Ain Rehman Wed, June 24, 2026 at 7:17 PM GMT+7 2 min read BCS ACOR.PVT Barclays PLC (NYSE:BCS) is one of the top cheap growth stocks to get rich.
- Management stated that GoHenry is one of the most recognised brands for youth banking in the UK youth banking segment, and currently serves more than half a million UK children.
- Barclays PLC (NYSE:BCS) is a bank holding company that provides credit cards, retail banking, corporate and investment banking, and wealth management services.
JPMorgan Lifts PT on Barclays (BCS) – Here’s Why Noor Ul Ain Rehman Wed, June 24, 2026 at 7:17 PM GMT+7 2 min read BCS ACOR.PVT Barclays PLC (NYSE:BCS) is one of the top cheap growth stocks to get rich. JPMorgan lifted the price target on Barclays PLC (NYSE:BCS) to 600 GBp from 590 GBp on June 12 and maintained an Overweight rating on the shares. The rating update came the same day Barclays PLC (NYSE:BCS) announced that Barclays Bank UK PLC entered into an agreement to acquire Go Henry, operating through GoHenry Limited, from Acorns Grow Incorporated. It expects the completion of the transaction to occur in fiscal Q4 2026, subject to certain regulatory approvals and other conditions.
Management stated that GoHenry is one of the most recognised brands for youth banking in the UK youth banking segment, and currently serves more than half a million UK children.
Barclays PLC (NYSE:BCS) further reported that the transaction is anticipated to reduce its CET1 ratio by approximately 5bps upon completion, based on its CET1 ratio as at 31 March 2026, and that the transaction will not affect financial guidance or targets for Barclays Group or Barclays UK for 2026 or 2028.