OneSavings Bank PLC (OSB) Upgraded to Overweight by Barclays PLC
Barclays PLC upgraded shares of OneSavings Bank PLC (LON:OSB) to an overweight rating in a research report released on Tuesday. Barclays PLC currently has GBX 340 ($4.44) price target on the stock, up from their prior price target of GBX 235 ($3.07).
A number of other analysts have also issued reports on OSB. Shore Capital reaffirmed a buy rating on shares of OneSavings Bank PLC in a research report on Monday, June 6th. Peel Hunt reaffirmed a buy rating and set a GBX 390 ($5.09) target price on shares of OneSavings Bank PLC in a research report on Wednesday, June 22nd. Credit Suisse Group AG raised OneSavings Bank PLC to a neutral rating and dropped their target price for the stock from GBX 315 ($4.11) to GBX 270 ($3.52) in a research report on Wednesday, July 13th. Numis Securities Ltd reaffirmed a buy rating and set a GBX 252 ($3.29) target price on shares of OneSavings Bank PLC in a research report on Wednesday, August 24th. Finally, Investec reaffirmed a buy rating on shares of OneSavings Bank PLC in a research report on Thursday, August 25th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of GBX 315.25 ($4.11).
Shares of OneSavings Bank PLC (LON:OSB) opened at 291.124 on Tuesday. The firm’s 50-day moving average price is GBX 260.86 and its 200-day moving average price is GBX 269.05. The firm’s market capitalization is GBX 707.72 million. OneSavings Bank PLC has a 52-week low of GBX 173.20 and a 52-week high of GBX 412.60.
The firm also recently announced a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 13th will be given a dividend of GBX 2.90 ($0.04) per share. This represents a yield of 1.05%. The ex-dividend date is Thursday, October 13th.
In other news, insider Andrew Doman purchased 15,000 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was bought at an average cost of GBX 260 ($3.39) per share, for a total transaction of £39,000 ($50,907.19). Also, insider Andy Golding sold 36,138 shares of the company’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of GBX 266 ($3.47), for a total transaction of £96,127.08 ($125,475.89).
OneSavings Bank PLC Company Profile
OneSavings Bank plc (OSB) is a United Kingdom-based lending and retail savings company. The Company operates through three segments: Buy-to-Let/SME, Residential Mortgages and Personal Loans. The Company provides Buy-to-Let mortgages secured on residential property held for investment purposes by experienced and professional landlords and commercial mortgages secured on commercial and semicommercial properties held for investment purposes or for owner occupation.
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