OSB Group’s (OSB) Buy Rating Reaffirmed at Shore Capital

Posted by Lauren Steadman on May 9th, 2024

Shore Capital reiterated their buy rating on shares of OSB Group (LON:OSB – Free Report) in a research note published on Wednesday morning, MarketBeat reports.

OSB Group Price Performance

OSB opened at GBX 449.40 ($5.65) on Wednesday. The company has a market capitalization of £1.75 billion, a PE ratio of 694.77 and a beta of 1.41. The business has a 50-day moving average of GBX 400.85 and a 200-day moving average of GBX 401.90. OSB Group has a fifty-two week low of GBX 277.20 ($3.48) and a fifty-two week high of GBX 539 ($6.77).

OSB Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Thursday, April 4th will be issued a dividend of GBX 21.80 ($0.27) per share. This is a positive change from OSB Group’s previous dividend of $10.20. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 4.73%. OSB Group’s dividend payout ratio is currently 4,923.08%.

Insider Buying and Selling

In other news, insider April Talintyre sold 18,415 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 379 ($4.76), for a total value of £69,792.85 ($87,679.46). In other news, insider Andy Golding sold 27,324 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of GBX 378 ($4.75), for a total transaction of £103,284.72 ($129,754.67). Also, insider April Talintyre sold 18,415 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of GBX 379 ($4.76), for a total value of £69,792.85 ($87,679.46). Corporate insiders own 1.18% of the company’s stock.

About OSB Group

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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.