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BUZZ-OneSavings Bank: Shares up after Investec rates co a "buy"

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) in Britain's OneSavings Bank Plc (LSE: OSB.L - news) rise as much 5 pct as brokerage Investec (LSE: INVP.L - news) initiates "buy" rating on the stock, calling the bank unique within the "challenger" banks space

** Stock is top gainer on the FTSE-250 Midcap Index and the FTSE-350 Fin Serv Financial Index

** Shares in OneSavings, which was the first UK bank to list in a decade on the London Stock Exchange (Other OTC: LDNXF - news) last June, have risen about 80 pct from listing price of 170 p

** OneSavings stock touched market high of 328 p last month

** "The FTSE-100 banks offer a poor comparator group," Investec says in a note and sets target price on the stock at 365 p

** OneSavings focuses on specialist lending, including the market for buy-to-let mortgages, which are growing at a quick clip in Britain (aashika.jain.thomsonreuters.com@reuters.net)