Buy to Let

OneSavings Bank PLC’s (OSB) Reduce Rating Reiterated at Numis Securities Ltd

Numis Securities Ltd reissued their reduce rating on shares of OneSavings Bank PLC (LON:OSB) in a research note issued to investors on Thursday, August 24th, MarketBeat reports. The firm currently has a GBX 330 ($4.26) price objective on the stock.

Several other brokerages have also recently weighed in on OSB. Credit Suisse Group restated an outperform rating and set a GBX 450 ($5.81) target price on shares of OneSavings Bank PLC in a report on Thursday, July 6th. Investec reiterated a buy rating and issued a GBX 455 ($5.88) price objective on shares of OneSavings Bank PLC in a report on Wednesday, June 14th. Macquarie reiterated a neutral rating and issued a GBX 388 ($5.01) price objective on shares of OneSavings Bank PLC in a report on Monday, July 3rd. Liberum Capital reiterated a buy rating and issued a GBX 495 ($6.39) price objective on shares of OneSavings Bank PLC in a report on Thursday, May 25th. Finally, Citigroup Inc. upgraded OneSavings Bank PLC to a buy rating in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 430.92 ($5.57).

Shares of OneSavings Bank PLC (LON:OSB) traded up 0.31% during trading on Thursday, hitting GBX 390.80. The stock had a trading volume of 363,856 shares. OneSavings Bank PLC has a 52 week low of GBX 247.32 and a 52 week high of GBX 477.97. The firm has a 50 day moving average price of GBX 393.71 and a 200-day moving average price of GBX 403.97. The stock’s market capitalization is GBX 950.03 million.

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The company also recently announced a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, October 12th will be given a GBX 3.50 ($0.05) dividend. This represents a yield of 0.88%. The ex-dividend date is Thursday, October 12th.

In related news, insider Andrew Doman acquired 1,938 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were acquired at an average price of GBX 394 ($5.09) per share, with a total value 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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