OneSavings Bank PLC (OSB) Given Consensus Recommendation of “Buy” by Brokerages
Shares of OneSavings Bank PLC (LON:OSB) have been assigned an average rating of “Buy” from the nine brokerages that are currently covering the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 301 ($3.67).
Several equities research analysts have commented on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 390 ($4.75) price target on shares of OneSavings Bank PLC in a research report on Wednesday, June 22nd. Numis Securities Ltd cut OneSavings Bank PLC to a “hold” rating and set a GBX 312 ($3.80) price target on the stock. in a research note on Tuesday, August 30th. Investec reissued a “buy” rating on shares of OneSavings Bank PLC in a research note on Thursday, August 25th. Barclays PLC lifted their price target on OneSavings Bank PLC from GBX 215 ($2.62) to GBX 235 ($2.86) and gave the stock an “equal weight” rating in a research note on Thursday, August 25th. Finally, Royal Bank Of Canada lifted their price target on OneSavings Bank PLC from GBX 290 ($3.53) to GBX 305 ($3.72) and gave the stock an “outperform” rating in a research note on Friday, September 23rd.
OneSavings Bank PLC (LON:OSB) traded down 3.23% on Monday, reaching GBX 266.60. 306,514 shares of the company traded hands. The stock’s market capitalization is GBX 648.10 million. The firm has a 50 day moving average price of GBX 268.97 and a 200 day moving average price of GBX 266.92. 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 paid a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a yield of 1.05%.
In related news, insider Andy Golding sold 36,138 shares of the business’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of GBX 266 ($3.24), for a total value of £96,127.08 ($117,156.71). Also, insider Andrew Doman purchased 15,000 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was purchased at an average cost of GBX 260 ($3.17) per share, with a total value of £39,000 ($47,531.99).
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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