Barclays PLC Upgrades OneSavings Bank PLC (OSB) to “Overweight”
OneSavings Bank PLC (LON:OSB) was upgraded by equities researchers at Barclays PLC to an “overweight” rating in a note issued to investors on Tuesday. The brokerage currently has a GBX 340 ($4.44) price objective on the stock, up from their previous price objective of GBX 235 ($3.07). Barclays PLC’s price target suggests a potential upside of 26.54% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Peel Hunt reiterated an “add” rating and issued a GBX 270 ($3.52) price target on shares of OneSavings Bank PLC in a research note on Wednesday, September 14th. Shore Capital reissued a “buy” rating on shares of OneSavings Bank PLC in a report on Wednesday, August 24th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 252 ($3.29) price objective on shares of OneSavings Bank PLC in a report on Wednesday, August 24th. Investec reissued a “buy” rating on shares of OneSavings Bank PLC in a report on Thursday, August 25th. Finally, Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 270 ($3.52) price objective on shares of OneSavings Bank PLC in a report on Wednesday, August 24th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. OneSavings Bank PLC 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 268.70 on Tuesday. OneSavings Bank PLC has a one year low of GBX 173.20 and a one year high of GBX 412.60. The company has a 50-day moving average of GBX 260.18 and a 200 day moving average of GBX 269.17. The stock’s market cap is GBX 653.21 million.
The business also recently declared a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 13th will be issued a dividend of GBX 2.90 ($0.04) per share. This represents a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, October 13th.
In related news, insider Andrew Doman purchased 85,499 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The stock was purchased at an average cost of GBX 261 ($3.41) per share, with a total value of £223,152.39 ($291,283.63). Also, insider Andy Golding sold 36,138 shares of the stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of GBX 266 ($3.47), for a total value of £96,127.08 ($125,475.89).
About OneSavings Bank PLC
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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