TSB Banking Group PLC’s Underperform Rating Reaffirmed at Credit Suisse (TSB)
TSB Banking Group PLC (LON:TSB)‘s stock had its “underperform” rating restated by research analysts at Credit Suisse in a report released on Wednesday. They currently have a GBX 250 ($4.15) target price on the stock. Credit Suisse’s price target would indicate a potential downside of 11.35% from the company’s current price.
A number of other analysts have also recently weighed in on TSB. Analysts at Investec initiated coverage on shares of TSB Banking Group PLC in a research note on Monday. They set a “hold” rating and a GBX 290 ($4.81) price target on the stock. Separately, 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. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of TSB Banking Group PLC in a research note on Friday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 330.75 ($5.49).
Shares of TSB Banking Group PLC (LON:TSB) traded up 0.07% during mid-day trading on Wednesday, hitting GBX 282.2002. The stock had a trading volume of 682,540 shares. 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 287.6 and a 200-day moving average of GBX 286.7. The company’s market cap is £1.411 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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