OSB Group (LON:OSB) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of OSB Group Plc (LON:OSB) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 574.68 and traded as low as GBX 484.60. OSB Group shares last traded at GBX 488.40, with a volume of 118,608,641 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently commented on OSB. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 680 price objective on shares of OSB Group in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft downgraded OSB Group to a “hold” rating and lifted their target price for the stock from GBX 650 to GBX 660 in a report on Friday, January 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 800 target price on shares of OSB Group in a report on Thursday, March 26th. Three 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 667.80.

OSB Group Stock Performance

The firm has a market capitalization of £1.70 billion, a P/E ratio of 6.64 and a beta of 1.05. The business has a 50 day simple moving average of GBX 537.92 and a two-hundred day simple moving average of GBX 574.68.

OSB Group (LON:OSB) last released its earnings results on Thursday, March 5th. The company reported GBX 75.60 EPS for the quarter. OSB Group had a return on equity of 13.26% and a net margin of 22.29%. On average, equities analysts anticipate that OSB Group Plc will post 85.1214128 earnings per share for the current fiscal year.

OSB Group announced that its Board of Directors has initiated a stock buyback program on Thursday, March 5th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other OSB Group news, insider Andy Golding sold 36,430 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of GBX 555, for a total transaction of £202,186.50. Insiders sold a total of 670,474 shares of company stock worth $382,880,908 in the last ninety days. 0.49% of the stock is owned by corporate insiders.

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.