OSB Group PLC 33.8% potential upside indicated by Jefferies

OSB Group PLC with ticker (LON:OSB) now has a potential upside of 33.8% according to Jefferies.

OSB.L

Jefferies set a target price of 600 GBX for the company, which when compared to the OSB Group PLC share price of 448 GBX at opening today (21/06/2024) indicates a potential upside of 33.8%. Trading has ranged between 277 (52 week low) and 509 (52 week high) with an average of 813,490 shares exchanging hands daily. The market capitalisation at the time of writing is £1,707,963,288.

OSB Group PLC is a United Kingdom-based specialist mortgage lender, primarily focused on selected sub-segments of the United Kingdom mortgage market. The Company operates through two segments: OneSavings Bank (OSB), and Charter Court Financial Services (CCFS). The OneSavings Bank segment includes Buy-to-Let/SME sub-segments and Residential sub-segment. Buy-to-Let/SME sub-segments include buy-to-let, residential development, commercial, and funding lines. Residential sub-segments include first charge and second charge. The segments consist of brands such as Kent Reliance and InterBay. The Charter Court Financial Services segment includes Buy-to-Let, Residential, Bridging, Second charge, and Other. This segment operates through Precise Mortgages brand. Its Precise Mortgages brand uses an automated underwriting platform to manage mortgage applications. The Company’s lending is funded by retail deposits sourced through its Kent Reliance (KR) and Charter Savings Bank (CSB) franchises.