OneSavings Bank PLC (LON:OSB)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity in a research report issued to clients and investors on Wednesday, November 8th. They presently have a GBX 500 ($6.58) price objective on the stock. Canaccord Genuity’s price target would suggest a potential upside of 28.37% from the company’s current price.
Several other research analysts have also issued reports on the stock. Citigroup Inc. upgraded shares of OneSavings Bank PLC to a “buy” rating in a research report on Friday, July 21st. Macquarie lifted their price objective on shares of OneSavings Bank PLC from GBX 388 ($5.10) to GBX 427 ($5.62) and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Peel Hunt lowered their price objective on shares of OneSavings Bank PLC from GBX 505 ($6.64) to GBX 425 ($5.59) and set an “add” rating on the stock in a research report on Friday, July 21st. Shore Capital reiterated a “buy” rating on shares of OneSavings Bank PLC in a research report on Tuesday, August 1st. Finally, Liberum Capital lowered their price objective on shares of OneSavings Bank PLC from GBX 495 ($6.51) to GBX 482 ($6.34) and set a “buy” rating on the stock in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. OneSavings Bank PLC currently has a consensus rating of “Buy” and an average target price of GBX 457 ($6.01).
OneSavings Bank PLC (OSB) traded up GBX 9.50 ($0.12) during trading on Wednesday, reaching GBX 389.50 ($5.12). 649,891 shares of the company’s stock traded hands, compared to its average volume of 718,880. OneSavings Bank PLC has a 12-month low of GBX 301.60 ($3.97) and a 12-month high of GBX 477.97 ($6.29).
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In related news, insider David Weymouth acquired 13,178 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were bought at an average price of GBX 379 ($4.98) per share, for a total transaction of £49,944.62 ($65,690.67). Also, insider April Talintyre sold 250,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of GBX 392 ($5.16), for a total transaction of £980,000 ($1,288,964.88).
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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