Natwest Securities Corp. has initiated coverage of Cityscape Financial Corp. - a New York based subprime home equity lender - with a "buy" rating.

Analysts John A. Heffern and David L. Verlander said they believe that subprime home-equity lending offers "an excellent path toward superior growth and a compelling opportunity for market-beating investment performance over the course of 1996."

The analysts said they were especially impressed with Cityscape's growth potential in the United Kingdom.

Natwest set a 52-week target price of $28 on Citiscape stock, which was trading at $20 on Monday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.