OSB Group (LON:OSB) Sets New 1-Year Low – What’s Next?

OSB Group Plc (LON:OSB) reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as GBX 470.80 and last traded at GBX 471, with a volume of 367,916 shares changing hands. The stock had previously closed at GBX 482.

Analysts Set New Price Targets

A number of brokerages have issued reports on OSB. Jefferies Financial Group restated a “buy” rating and set a GBX 720 target price on shares of OSB Group in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of OSB Group from GBX 660 to GBX 615 and set a “hold” rating for the company in a research report on Friday, August 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 750 price target on shares of OSB Group in a research report on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 665.80.

OSB Group Trading Down 0.2%

The business has a 50-day moving average price of GBX 504.29 and a two-hundred day moving average price of GBX 520.41. The stock has a market capitalization of £1.62 billion, a P/E ratio of 6.43 and a beta of 1.05.

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

Insider Activity

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

About OSB Group

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.