OneSavings Bank PLC’s (OSB) Buy Rating Reaffirmed at Shore Capital
Shore Capital reaffirmed their buy rating on shares of OneSavings Bank PLC (LON:OSB) in a research note released on Thursday. Shore Capital currently has a GBX 266 ($3.29) price objective on the stock.
OSB has been the subject of several other research reports. Peel Hunt reissued an add rating and set a GBX 270 ($3.34) price target on shares of OneSavings Bank PLC in a report on Wednesday, August 24th. Numis Securities Ltd reissued a buy rating and set a GBX 252 ($3.12) price target on shares of OneSavings Bank PLC in a report on Wednesday, August 24th. Barclays PLC reissued an equal weight rating on shares of OneSavings Bank PLC in a report on Tuesday, August 16th. Credit Suisse Group AG raised OneSavings Bank PLC to a neutral rating and cut their price target for the company from GBX 315 ($3.90) to GBX 270 ($3.34) in a report on Wednesday, July 13th. Finally, Royal Bank Of Canada boosted their price target on OneSavings Bank PLC from GBX 290 ($3.59) to GBX 305 ($3.77) and gave the company an outperform rating in a report on Friday, September 23rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of GBX 309.78 ($3.83).
OneSavings Bank PLC (LON:OSB) traded up 2.49% during trading on Thursday, reaching GBX 276.20. The company had a trading volume of 187,089 shares. The company’s market capitalization is GBX 671.44 million. The firm’s 50 day moving average is GBX 270.46 and its 200 day moving average is GBX 268.03. OneSavings Bank PLC has a one year low of GBX 173.20 and a one year high of GBX 412.60.
The business also recently disclosed 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. The ex-dividend date is Thursday, October 13th. This represents a yield of 1.05%.
In related news, insider Andrew Doman acquired 15,000 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were acquired at an average cost of GBX 260 ($3.22) per share, for a total transaction of £39,000 ($48,267.33). Also, insider Andy Golding sold 36,138 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of GBX 266 ($3.29), for a total value of £96,127.08 ($118,969.16).
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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