OSB Group (LON:OSB) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of OSB Group Plc (LON:OSB) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 557.31 and traded as low as GBX 551. OSB Group shares last traded at GBX 561.50, with a volume of 604,572 shares changing hands.

Analysts Set New Price Targets

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

OSB Group Stock Down 0.6%

The company has a market capitalization of £1.91 billion, a P/E ratio of 7.58 and a beta of 1.05. The business’s 50-day moving average is GBX 521.01 and its two-hundred day moving average is GBX 557.31.

Insider Activity

In other OSB Group news, insider Victoria Hyde sold 5,132 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of GBX 525, for a total value of £26,943. Also, insider Andy Golding sold 11,127 shares of OSB Group stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of GBX 525, for a total transaction of £58,416.75. Company 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.