OSB Group (LON:OSB) Shares Pass Below 200 Day Moving Average – Time to Sell?

OSB Group Plc (LON:OSB)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 564.27 and traded as low as GBX 537. OSB Group shares last traded at GBX 544, with a volume of 291,311 shares trading hands.

Wall Street Analysts Forecast Growth

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

OSB Group Stock Performance

The stock has a market cap of £1.87 billion, a price-to-earnings ratio of 7.39 and a beta of 1.05. The company’s 50 day simple moving average is GBX 513.98 and its two-hundred day simple moving average is GBX 564.27.

OSB Group declared that its board has approved a stock repurchase plan on Thursday, March 5th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other OSB Group news, insider Andy Golding sold 11,127 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of GBX 525, for a total value of £58,416.75. Also, insider Victoria Hyde sold 5,132 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of GBX 525, for a total value of £26,943. In the last three months, insiders have sold 52,689 shares of company stock valued at $28,754,625. Insiders own 0.39% of the company’s stock.

OSB Group Company Profile

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.