TSB Banking Group PLC Earns Equal weight Rating from Barclays (TSB)

TSB Banking Group PLC logo

Barclays reaffirmed their equal weight rating on shares of TSB Banking Group PLC (LON:TSB) in a report released on Thursday. Barclays currently has a GBX 340 ($5.29) price objective on the stock.

Barclays has also modified their ratings on a number of other stocks in the few days. The firm raised its price target on shares of SAP SE from $85.00 to $89.00. They have an overweight rating on that stock. Also, Barclays lowered its price target on shares of American Airlines Group Inc from $68.00 to $58.00. They have an overweight rating on that stock.

Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a hold rating and set a GBX 340 ($5.29) price target on shares of TSB Banking Group PLC in aresearch note on Wednesday, April 29th. Analysts at Credit Suisse reiterated an underperform rating and set a GBX 240 ($3.73) price target on shares of TSB Banking Group PLC in a research note on Monday, April 27th. Analysts at Numis Securities Ltd reiterated a hold rating and set a GBX 340 ($5.29) price target on shares of TSB Banking Group PLC in a research note on Friday, April 24th. Finally, analysts at Morgan Stanley raised their price target on shares of TSB Banking Group PLC from GBX 290.20 ($4.52) to GBX 339.90 ($5.29) and gave the company an equal weight rating in a research note on Wednesday, April 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. TSB Banking Group PLC presently has an average rating of Hold and an average price target of GBX 303.74 ($4.73).

Shares of TSB Banking Group PLC (LON:TSB) opened at 339.00 on Thursday. TSB Banking Group PLC has a 52 week low of GBX 243.66 and a 52 week high of GBX 345.00. The stock has a 50-day moving average of GBX 337. and a 200-day moving average of GBX 302.. The company’s market cap is £1.70 billion.

TSB Bank plc (LON:TSB) is a United Kingdom-based retail bank. TSB bank provides local banking for local people, businesses and communities. The Bank provides personal banking andbusiness banking. Under Personal banking, TSB provides: Current Accounts, for under 19, students and others; Mortgages, for housing needs; Savings Accounts, provides individual savings accounts, instant access savings , loans, credit cards, and insurance and fixed bonds services; Loans, provide personal loans, graduate borrowing, additional borrowing and repayment holiday schemes; Credit Cards and Home Insurance.

 

[“source – .lulegacy.com”]