OneSavings Bank PLC (OSB) Upgraded to Overweight at Barclays PLC
OneSavings Bank PLC (LON:OSB) was upgraded by research analysts at Barclays PLC to an “overweight” rating in a research report issued on Tuesday. The firm currently has a GBX 340 ($4.44) price objective on the stock, up from their prior price objective of GBX 235 ($3.07). Barclays PLC’s price objective suggests a potential upside of 23.05% from the company’s current price.
Several other equities research analysts have also recently commented on OSB. Shore Capital restated a “buy” rating on shares of OneSavings Bank PLC in a research note on Monday, June 6th. Peel Hunt reiterated a “buy” rating and set a GBX 390 ($5.09) price objective on shares of OneSavings Bank PLC in a research note on Wednesday, June 22nd. Credit Suisse Group AG upgraded OneSavings Bank PLC to a “neutral” rating and dropped their price objective for the stock from GBX 315 ($4.11) to GBX 270 ($3.52) in a research note on Wednesday, July 13th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 252 ($3.29) price objective on shares of OneSavings Bank PLC in a research note on Wednesday, August 24th. Finally, Investec reiterated a “buy” rating on shares of OneSavings Bank PLC in a research note on Thursday, August 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 315.25 ($4.11).
Shares of OneSavings Bank PLC (LON:OSB) traded down 4.72% during trading on Tuesday, reaching GBX 276.30. The company’s stock had a trading volume of 238,718 shares. The company’s market cap is GBX 671.64 billion. OneSavings Bank PLC has a 52 week low of GBX 173.20 and a 52 week high of GBX 412.60. The stock’s 50 day moving average price is GBX 265.74 and its 200 day moving average price is GBX 269.14.
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The firm also recently announced 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 is Thursday, October 13th.
In other OneSavings Bank PLC news, insider Andy Golding sold 36,138 shares of the company’s 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). Also, insider Andrew Doman acquired 85,499 shares of the firm’s stock in a transaction on Tuesday, September 27th. The stock was purchased at an average cost of GBX 261 ($3.41) per share, for a total transaction of £223,152.39 ($291,283.63).
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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