OSB Group (LON:OSB) Share Price Crosses Below Two Hundred Day Moving Average of $434.95

OSB Group Plc (LON:OSB) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 434.95 ($5.72) and traded as low as GBX 362.20 ($4.76). OSB Group shares last traded at GBX 373.69 ($4.91), with a volume of 2,235,111 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OSB shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 600 ($7.89) price objective on shares of OSB Group in a report on Thursday, June 13th. Berenberg Bank dropped their price objective on OSB Group from GBX 660 ($8.68) to GBX 580 ($7.63) and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Shore Capital reaffirmed a “buy” rating on shares of OSB Group in a report on Thursday, August 15th.

OSB Group Stock Performance

The stock has a market capitalization of £1.40 billion, a PE ratio of 389.65 and a beta of 1.49. The business’s 50-day moving average price is GBX 450.66 and its 200 day moving average price is GBX 434.11.

OSB Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 22nd will be paid a GBX 10.70 ($0.14) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a yield of 2.21%. OSB Group’s dividend payout ratio is currently 3,437.50%.

Insider Buying and Selling at OSB Group

In other OSB Group news, insider Henry Daubeney acquired 20,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was bought at an average price of GBX 382 ($5.02) per share, with a total value of £76,400 ($100,460.22). Insiders own 0.86% 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.