OSB Group (LON:OSB) Shares Cross Below 200 Day Moving Average – Here’s What Happened

OSB Group Plc (LON:OSBGet Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 560.88 and traded as low as GBX 540. OSB Group shares last traded at GBX 545.50, with a volume of 363,115 shares traded.

Analyst Upgrades and Downgrades

OSB has been the topic of a number of recent research reports. Royal Bank Of Canada restated an “outperform” rating and set a GBX 800 price objective on shares of OSB Group in a research report on Thursday, March 26th. Shore Capital Group reiterated a “buy” rating and issued a GBX 680 target price on shares of OSB Group in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 667.80.

View Our Latest Research Report on OSB

OSB Group Stock Up 1.1%

The company’s 50 day moving average price is GBX 516.52 and its two-hundred day moving average price is GBX 560.25. The firm has a market cap of £1.89 billion, a PE ratio of 7.51 and a beta of 1.05.

Insider Activity

In other OSB Group news, insider Victoria Hyde sold 5,132 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of GBX 525, for a total value of £26,943. Also, insider Andy Golding sold 11,127 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of GBX 525, for a total value of £58,416.75. Corporate insiders own 0.39% of the company’s stock.

About OSB Group

(Get Free Report)

OSB Group Plc, through its subsidiaries, operates as a specialist mortgage lending and retail savings company in the United Kingdom and the Channel Islands. It provides private rented sector related buy-to-let, commercial and semi-commercial mortgages, residential development finance, secured funding, bridging, and asset finance services. The company also provides buy-to-let and specialist residential mortgages, mortgage servicing, administration and analytical, mortgage originator and servicer, and retail savings products; and back office processing services.

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