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Top related persons:
Jefferies - 1 Julian Roberts - 1 James Hamilton - 1
Top related locs:
U.K England Kent
Top related orgs:
OneSavings Bank - 1 Jefferies - 1 Kent Reliance - 1 Numis Securities - 1 Deutsche Bank - 1

Search resuls for: "OneSavings Bank"


2 mentions found


☆ Analysts love this under-the-radar British banking stock — and Jefferies says it's set to double
  + stars: | 2023-12-01 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
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
☆ Exclusive: Britain's Co-op Bank weighs options including sale, IPO –sources
  + stars: | 2023-04-14 | by ( Pablo Mayo Cerqueiro Amy-Jo Crowley Andres Gonzalez | Pablo Mayo Cerqueiro | Amy-Jo Crowley | ) www.reuters.com   time to read: +3 min
In addition to mergers and acquisitions, the options include a sale of the bank and an initial public offering (IPO), the people said. Officials for Co-op Bank, Aldermore, OneSavings Bank, Paragon and Shawbrook declined to comment. Co-op Bank had an equity value of close to 1.3 billion pounds ($1.61 billion) as of the end of December, based on its latest annual accounts. It had more than 28 billion pounds of assets on its balance sheet and reported a profit before tax of 132.6 million pounds for 2022. Later that year, Co-op Bank made an offer for domestic rival TSB Group, which was rejected by Spanish parent Banco Sabadell (SABE.MC).
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