Buy to Let

OneSavings Bank PLC (LON:OSB) Cut to “Reduce” at Numis Securities Ltd

Numis Securities Ltd cut shares of OneSavings Bank PLC (LON:OSB) to a reduce rating in a report issued on Monday, July 3rd. The firm currently has GBX 330 ($4.35) price objective on the stock, down from their prior price objective of GBX 394 ($5.20).

A number of other analysts have also recently weighed in on the company. Macquarie reiterated a neutral rating and set a GBX 388 ($5.12) price target on shares of OneSavings Bank PLC in a research report on Monday, July 3rd. Credit Suisse Group restated an outperform rating and issued a GBX 450 ($5.94) target price on shares of OneSavings Bank PLC in a research report on Friday, June 30th. Shore Capital reiterated a buy rating on shares of OneSavings Bank PLC in a research report on Friday, June 16th. Investec reissued a buy rating and set a GBX 455 ($6.00) price objective on shares of OneSavings Bank PLC in a research note on Wednesday, June 14th. Finally, Jefferies Group LLC reissued a buy rating and set a GBX 512 ($6.75) price objective on shares of OneSavings Bank PLC in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. OneSavings Bank PLC has a consensus rating of Buy and an average price target of GBX 431.33 ($5.69).

Shares of OneSavings Bank PLC (LON OSB) traded up 0.05% during mid-day trading on Monday, hitting GBX 395.20. The stock had a trading volume of 334,374 shares. OneSavings Bank PLC has a one year low of GBX 189.40 and a one year high of GBX 477.97. The stock’s market cap is GBX 960.66 million. The firm has a 50 day moving average of GBX 383.11 and a 200 day moving average of GBX 393.66.

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In other news, insider Andrew Doman bought 1,938 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were acquired at an average cost of GBX 394 ($5.20) per share, with a total value of £7,635.72 ($10,072.18).

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.

Analyst Recommendations for OneSavings Bank PLC (LON:OSB)




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