Investec Begins Coverage on TSB Banking Group PLC (TSB)
Research analysts at Investec assumed coverage on shares of TSB Banking Group PLC (LON:TSB) in a report released on Monday. The firm set a “hold” rating and a GBX 290 ($4.81) price target on the stock.
TSB has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd initiated coverage on shares of TSB Banking Group PLC in a research note on Wednesday, August 27th. They set a “buy” rating and a GBX 370 ($6.14) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of TSB Banking Group PLC in a research note on Friday, August 1st. Finally, 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 ($4.15) price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 330.75 ($5.49).
Shares of TSB Banking Group PLC (LON:TSB) opened at 287.21 on Monday. TSB Banking Group PLC has a 1-year low of GBX 260.00 and a 1-year high of GBX 300.25. The stock has a 50-day moving average of GBX 287.4 and a 200-day moving average of GBX 286.9. The company’s market cap is £1.436 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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