OSB Group (LON:OSB) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Shares of OSB Group Plc (LON:OSB) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 527.77 and traded as low as GBX 505. OSB Group shares last traded at GBX 510, with a volume of 733,677 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 800 price objective on shares of OSB Group in a research note on Thursday, March 26th. Shore Capital Group reaffirmed 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 667.80.

OSB Group Stock Up 2.4%

The company has a market capitalization of £1.82 billion, a PE ratio of 7.09 and a beta of 1.05. The business’s 50 day simple moving average is GBX 527.77 and its 200 day simple moving average is GBX 572.82.

OSB Group (LON:OSB) last posted its quarterly earnings results on Thursday, March 5th. The company reported GBX 75.60 earnings per share (EPS) for the quarter. OSB Group had a net margin of 22.29% and a return on equity of 13.26%. On average, analysts anticipate that OSB Group Plc will post 85.1214128 earnings per share for the current fiscal year.

OSB Group announced that its board has initiated a share repurchase program on Thursday, March 5th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, insider Andy Golding sold 36,430 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of GBX 555, for a total value of £202,186.50. Insiders have sold 670,474 shares of company stock valued at $382,880,908 over the last ninety days. 0.49% of the stock is 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.