OSB Group Plc (LON:OSB – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 500.16 and traded as high as GBX 529. OSB Group shares last traded at GBX 510, with a volume of 915,852 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on OSB shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 720 price target on shares of OSB Group in a research report on Wednesday, September 2nd. Royal Bank Of Canada restated an “outperform” rating and set a GBX 750 price objective on shares of OSB Group in a research report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on OSB Group from GBX 660 to GBX 615 and set a “hold” rating for the company in a research report on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 665.80.
Check Out Our Latest Stock Report on OSB
OSB Group Stock Down 0.8%
The firm’s 50-day moving average price is GBX 500.16 and its 200 day moving average price is GBX 535.26. The firm has a market cap of £1.71 billion, a P/E ratio of 6.78 and a beta of 1.05.
OSB Group (LON:OSB – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported GBX 38.80 earnings per share for the quarter. OSB Group had a net margin of 15.38% and a return on equity of 13.06%. On average, equities analysts predict that OSB Group Plc will post 85.12 earnings per share for the current year.
Insider Activity
In other OSB Group news, insider Enrique Alvarez Labiano sold 212,494 shares of the business’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of GBX 507, for a total transaction of £1,077,344.58. Also, insider Simon Walker bought 10,000 shares of OSB Group stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of GBX 505 per share, with a total value of £50,500. Company insiders own 0.63% of the company’s stock.
About OSB Group
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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