Insider Selling: OSB Group (LON:OSB) Insider Sells 5,132 Shares of Stock

OSB Group Plc (LON:OSB) insider Victoria Hyde sold 5,132 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of GBX 525, for a total transaction of £26,943.

OSB Group Stock Up 0.4%

OSB traded up GBX 2 during trading on Thursday, reaching GBX 525.50. The company’s stock had a trading volume of 593,280 shares, compared to its average volume of 3,686,196. The firm has a fifty day simple moving average of GBX 519.56 and a two-hundred day simple moving average of GBX 568.02. OSB Group Plc has a 1 year low of GBX 479 and a 1 year high of GBX 647.50. The company has a market cap of £1.81 billion, a price-to-earnings ratio of 7.14 and a beta of 1.05.

OSB Group declared that its board has authorized a share buyback program on Thursday, March 5th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

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

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.