Buy to Let

Investec Reiterates “Buy” Rating for OneSavings Bank PLC (LON:OSB)

OneSavings Bank PLC (LON:OSB)‘s stock had its “buy” rating reaffirmed by stock analysts at Investec in a note issued to investors on Thursday, August 24th. They currently have a GBX 455 ($5.88) price objective on the stock. Investec’s price target indicates a potential upside of 16.43% from the stock’s previous close.

Several other brokerages have also recently issued reports on OSB. Credit Suisse Group reiterated an “outperform” rating and set a GBX 450 ($5.81) price target on shares of OneSavings Bank PLC in a research report on Thursday, July 6th. Shore Capital reissued a “buy” rating on shares of OneSavings Bank PLC in a research note on Thursday, August 24th. Macquarie reissued a “neutral” rating and set a GBX 388 ($5.01) price objective on shares of OneSavings Bank PLC in a research note on Monday, July 3rd. Liberum Capital reissued a “buy” rating and set a GBX 495 ($6.39) price objective on shares of OneSavings Bank PLC in a research note on Thursday, May 25th. Finally, Citigroup Inc. raised OneSavings Bank PLC to a “buy” rating in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 430.92 ($5.57).

Shares of OneSavings Bank PLC (LON OSB) traded up 0.31% during trading on Thursday, reaching GBX 390.80. 363,856 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of GBX 393.71 and a 200 day moving average price of GBX 403.97. OneSavings Bank PLC has a 12-month low of GBX 247.32 and a 12-month high of GBX 477.97. The company’s market capitalization is GBX 950.03 million.

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In other OneSavings Bank PLC news, insider Andrew Doman acquired 1,938 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were acquired at an average cost of GBX 394 ($5.09) per share, for a total transaction of £7,635.72 ($9,861.45).

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.

Analyst Recommendations for OneSavings Bank PLC (LON:OSB)

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