TSB Banking Group PLC Earns Buy Rating from Analysts at Numis Securities Ltd (TSB)
Research analysts at Numis Securities Ltd initiated coverage on shares of TSB Banking Group PLC (LON:TSB) in a report released on Wednesday. The firm set a “buy” rating and a GBX 370 ($6.12) price target on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 28.03% from the company’s current price.
A number of other firms have also recently commented on TSB. Analysts at Beaufort Securities reiterated a “buy” rating on shares of TSB Banking Group PLC in a research note on Friday, August 1st. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of TSB Banking Group PLC in a research note on Thursday, July 31st. They now have a GBX 250 ($4.14) price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of TSB Banking Group PLC in a research note on Monday, July 21st. They set a “buy” rating and a GBX 413 ($6.83) price target on the stock.
Shares of TSB Banking Group PLC (LON:TSB) opened at 295.2287 on Wednesday. TSB Banking Group PLC has a 52-week low of GBX 260.00 and a 52-week high of GBX 300.25. The stock has a 50-day moving average of GBX 286. and a 200-day moving average of GBX 286.5. The company’s market cap is £1.476 billion.
TSB Banking Group plc is engaged in retail banking. The Company offers a range of banking services and products to individuals and micro business banking customers throughout the United Kingdom.
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