OSB Group (LON:OSB) Stock Crosses Above 50 Day Moving Average – What’s Next?

OSB Group Plc (LON:OSB)’s share price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of GBX 500.16 and traded as high as GBX 529. OSB Group shares last traded at GBX 510, with a volume of 915,852 shares changing hands.

Analysts Set New Price Targets

OSB has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of OSB Group from GBX 660 to GBX 615 and set a “hold” rating on the stock in a research report on Friday, August 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 750 price objective on shares of OSB Group in a report on Tuesday, September 1st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 720 price objective on shares of OSB Group in a report on Wednesday, September 2nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 665.80.

OSB Group Trading Down 0.8%

The company has a 50-day moving average of GBX 500.16 and a 200-day moving average of GBX 535.26. The firm has a market capitalization of £1.71 billion, a price-to-earnings ratio of 6.78 and a beta of 1.05.

OSB Group (LON:OSB) last released its quarterly earnings data on Thursday, August 6th. The company reported GBX 38.80 EPS for the quarter. OSB Group had a net margin of 15.38% and a return on equity of 13.06%. On average, research analysts forecast that OSB Group Plc will post 85.12 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Enrique Alvarez Labiano sold 212,494 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of GBX 507, for a total value of £1,077,344.58. Also, insider Simon Walker purchased 10,000 shares of OSB Group stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of GBX 505 per share, for a total transaction of £50,500. 0.63% 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.