OneSavings Bank PLC (OSB) Rating Lowered to Add at Peel Hunt

OneSavings Bank PLC (LON:OSB) was downgraded by equities researchers at Peel Hunt to an “add” rating in a research note issued on Wednesday. They currently have a GBX 505 ($6.57) price objective on the stock, up from their prior price objective of GBX 485 ($6.31). Peel Hunt’s price target suggests a potential upside of 15.80% from the stock’s previous close.

A number of other brokerages have also recently commented on OSB. Citigroup Inc reiterated a “neutral” rating and issued a GBX 410 ($5.33) target price on shares of OneSavings Bank PLC in a research report on Wednesday, March 15th. Scotiabank reiterated an “outperform” rating on shares of OneSavings Bank PLC in a research report on Monday, February 6th. Macquarie lifted their target price on shares of OneSavings Bank PLC from GBX 305 ($3.97) to GBX 388 ($5.05) and gave the stock a “neutral” rating in a research report on Thursday, April 20th. Credit Suisse Group AG lifted their target price on shares of OneSavings Bank PLC from GBX 340 ($4.42) to GBX 370 ($4.81) and gave the stock an “outperform” rating in a research report on Thursday, February 16th. Finally, Royal Bank of Canada lifted their target price on shares of OneSavings Bank PLC from GBX 355 ($4.62) to GBX 445 ($5.79) and gave the stock an “outperform” rating in a research report on Thursday, March 16th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. OneSavings Bank PLC has an average rating of “Buy” and an average target price of GBX 442.08 ($5.75).

Analyst Recommendations for OneSavings Bank PLC (LON:OSB)

Shares of OneSavings Bank PLC (LON:OSB) opened at 432.77 on Wednesday. OneSavings Bank PLC has a 12 month low of GBX 173.20 and a 12 month high of GBX 477.97. The firm’s 50-day moving average is GBX 435.84 and its 200 day moving average is GBX 373.64. The firm’s market capitalization is GBX 1.05 billion.

The firm also recently declared a dividend, which was paid on Wednesday, May 17th. Investors of record on Thursday, March 30th were paid a dividend of GBX 7.60 ($0.10) per share. This is an increase from OneSavings Bank PLC’s previous dividend of $2.90. The ex-dividend date was Thursday, March 30th. This represents a yield of 1.88%.

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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.

12 Month Chart for LON:OSB

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