Peel Hunt Downgrades OneSavings Bank PLC (OSB) to Add
OneSavings Bank PLC (LON:OSB) was downgraded by research analysts at Peel Hunt to an “add” rating in a research report issued to clients and investors on Wednesday. They currently have a GBX 505 ($6.57) target price on the stock, up from their prior target price of GBX 485 ($6.31). Peel Hunt’s price target indicates a potential upside of 18.21% from the company’s previous close.
Several other analysts also recently weighed in on OSB. Shore Capital reiterated a “buy” rating on shares of OneSavings Bank PLC in a research note on Monday, May 22nd. Liberum Capital reiterated a “buy” rating and set a GBX 495 ($6.44) price target on shares of OneSavings Bank PLC in a research note on Wednesday, May 3rd. Credit Suisse Group AG boosted their price target on OneSavings Bank PLC from GBX 340 ($4.42) to GBX 370 ($4.81) and gave the company an “outperform” rating in a research note on Thursday, February 16th. Panmure Gordon boosted their price target on OneSavings Bank PLC from GBX 390 ($5.07) to GBX 485 ($6.31) and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Finally, Scotiabank reiterated an “outperform” rating on shares of OneSavings Bank PLC in a research note on Monday, February 6th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 442.08 ($5.75).
OneSavings Bank PLC (LON:OSB) traded down 2.04% during trading on Wednesday, reaching GBX 427.20. 1,007,373 shares of the company’s stock were exchanged. The stock’s market cap is GBX 1.04 billion. The firm has a 50 day moving average of GBX 436.49 and a 200-day moving average of GBX 374.02. OneSavings Bank PLC has a 12 month low of GBX 173.20 and a 12 month high of GBX 477.97.
The business also recently announced a dividend, which was paid on Wednesday, May 17th. Stockholders of record on Thursday, March 30th were paid a GBX 7.60 ($0.10) dividend. This is an increase from OneSavings Bank PLC’s previous dividend of $2.90. The ex-dividend date was Thursday, March 30th. This represents a dividend yield of 1.88%.
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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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