OneSavings Bank PLC (OSB) Stock Rating Reaffirmed by Canaccord Genuity
OneSavings Bank PLC (LON:OSB)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a report issued on Wednesday. They currently have a GBX 500 ($6.58) price objective on the stock. Canaccord Genuity’s price target suggests a potential upside of 26.36% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Peel Hunt cut their target price on shares of OneSavings Bank PLC from GBX 505 ($6.64) to GBX 425 ($5.59) and set an “add” rating for the company in a research note on Friday, July 21st. Investec reissued a “buy” rating and set a GBX 455 ($5.98) target price on shares of OneSavings Bank PLC in a research note on Thursday, August 24th. Liberum Capital reissued a “buy” rating and set a GBX 495 ($6.51) target price on shares of OneSavings Bank PLC in a research note on Thursday, August 24th. Shore Capital reissued a “buy” rating on shares of OneSavings Bank PLC in a research note on Thursday, August 24th. Finally, Citigroup Inc. raised shares of OneSavings Bank PLC to a “buy” rating in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 453.42 ($5.96).
OneSavings Bank PLC (LON:OSB) traded down GBX 2.60 ($0.03) during mid-day trading on Wednesday, hitting GBX 395.70 ($5.20). 232,933 shares of the stock were exchanged, compared to its average volume of 725,301. OneSavings Bank PLC has a twelve month low of GBX 293.20 ($3.86) and a twelve month high of GBX 477.97 ($6.29).
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In other news, insider April Talintyre sold 250,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of GBX 392 ($5.16), for a total value of £980,000 ($1,288,964.88). Also, insider David Weymouth acquired 13,178 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was bought at an average price of GBX 379 ($4.98) per share, for a total transaction of £49,944.62 ($65,690.67).
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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