OSB Group (LON:OSB) Shares Down 10.9% – What’s Next?

OSB Group Plc (LON:OSB)’s stock price fell 10.9% during trading on Thursday . The company traded as low as GBX 480.80 and last traded at GBX 507. 3,725,335 shares traded hands during trading, an increase of 6% from the average daily volume of 3,521,958 shares. The stock had previously closed at GBX 569.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a “buy” rating and set a GBX 680 price objective on shares of OSB Group in a research note 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 667.80.

OSB Group Trading Down 10.9%

The stock has a market cap of £1.73 billion, a price-to-earnings ratio of 6.89 and a beta of 1.05. The company has a fifty day simple moving average of GBX 535.11 and a 200-day simple moving average of GBX 551.77.

OSB Group (LON:OSB) last announced its earnings results on Thursday, August 6th. The company reported GBX 38.80 EPS for the quarter. OSB Group had a net margin of 22.29% and a return on equity of 13.26%. As a group, analysts anticipate that OSB Group Plc will post 85.1214128 earnings per share for the current year.

Insider Activity at OSB Group

In other OSB Group news, insider Andy Golding sold 11,127 shares of OSB Group stock in a transaction that occurred on Wednesday, June 17th. The shares were 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 business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of GBX 525, for a total transaction of £26,943. 0.39% of the stock is currently owned by corporate insiders.

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.