OSB Group (LON:OSB) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of OSB Group Plc (LON:OSB) 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 changing hands.

Analysts Set New Price Targets

OSB has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 800 price target on shares of OSB Group in a research report on Thursday, March 26th. Shore Capital Group reissued a “buy” rating and issued a GBX 680 price target 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, OSB Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 667.80.

OSB Group Stock Performance

The firm has a market capitalization of £1.86 billion, a P/E ratio of 7.41 and a beta of 1.05. The stock has a 50 day moving average of GBX 515.91 and a 200-day moving average of GBX 560.88.

Insiders Place Their Bets

In related news, insider Andy Golding sold 11,127 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of GBX 525, for a total transaction of £58,416.75. Also, insider Victoria Hyde sold 5,132 shares of the 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. Insiders have sold a total of 52,689 shares of company stock worth $28,754,625 in the last three months. 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.