Macquarie Boosts OneSavings Bank PLC (OSB) Price Target to GBX 325

OneSavings Bank PLC (LON:OSB) had its target price increased by analysts at Macquarie from GBX 300 ($4.34) to GBX 325 ($4.70) in a research note issued on Friday. The firm presently has a “neutral” rating on the stock. Macquarie’s price target suggests a potential upside of 1.03% from the stock’s current price.

OneSavings Bank PLC (LON:OSB) opened at 333.9000 on Friday. The company’s market capitalization is GBX 811.64 million. The firm’s 50-day moving average price is GBX 293.78 and its 200-day moving average price is GBX 316.96. OneSavings Bank PLC has a 52 week low of GBX 240.00 and a 52 week high of GBX 412.60.

The company also recently disclosed a dividend, which was paid on Wednesday, May 18th. Investors of record on Thursday, March 24th were paid a dividend of GBX 6.70 ($0.10) per share. The ex-dividend date of this dividend was Thursday, March 24th. This is a positive change from OneSavings Bank PLC’s previous dividend of $2.00. This represents a yield of 2.22%.

A number of other research analysts have also weighed in on the stock. Barclays reissued an “equal weight” rating on shares of OneSavings Bank PLC in a research report on Friday, May 20th. Citigroup Inc. began coverage on shares of OneSavings Bank PLC in a research report on Monday, May 16th. They set a “buy” rating and a GBX 320 ($4.63) price target on the stock. Shore Capital reissued a “buy” rating on shares of OneSavings Bank PLC in a research report on Wednesday, May 11th. Numis Securities Ltd lowered shares of OneSavings Bank PLC to a “hold” rating and set a GBX 312 ($4.51) price target on the stock. in a research report on Wednesday, May 11th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 390 ($5.64) price target on shares of OneSavings Bank PLC in a research report on Wednesday, May 11th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 344.13 ($4.98).

In related news, insider Wilcke,Stephan sold 250,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 23rd. The shares were sold at an average price of GBX 312 ($4.51), for a total transaction of £780,000 ($1,128,635.51). Also, insider Anstee,Eric acquired 4,960 shares of OneSavings Bank PLC stock in a transaction that occurred on Wednesday, April 13th. The shares were purchased at an average cost of GBX 302 ($4.37) per share, with a total value of £14,979.20 ($21,674.43).

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. Its Buy-to-Let/SME segment offers secured lending on property for investment and commercial purposes. Its Buy-to-Let/SME segment also provides residential development finance to small and medium sized developers and secured funding lines to other lenders.