Shares of OneSavings Bank , a U.K. lender focusing on landlords, are set to see its share price double from current levels, according to analysts at Jefferies.
The lender's stock has already risen by 30% over the past month after it revealed a rapidly growing loan book.
U.K. shares are generally priced in pence, with 100 pence equal to one British pound ($1.27).
The investment bank believes the market is undervaluing OSB's stock due to the negative perception surrounding the U.K. economy and stock market.
They are also bullish on the stock with a 720-pence-per-share price target, giving the stock a 90% upside potential.
Persons:
Jefferies, Julian Roberts, James Hamilton
Organizations:
OneSavings Bank, Jefferies, Kent Reliance, Numis Securities, Deutsche Bank
Locations:
U.K, England, Kent