OSB Group (LON:OSB) Stock Price Down 10.9% – Here’s Why

OSB Group Plc (LON:OSB) dropped 10.9% on Thursday . The stock traded as low as GBX 480.80 and last traded at GBX 507. 3,725,335 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 3,521,958 shares. The stock had previously closed at GBX 569.

Analyst Ratings Changes

Separately, Shore Capital Group reiterated a “buy” rating and set a GBX 680 price target 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 667.80.

OSB Group Trading Up 2.7%

The firm has a market capitalization of £1.78 billion, a PE ratio of 7.07 and a beta of 1.05. The business has a 50-day moving average of GBX 535.08 and a 200 day moving average of GBX 550.65.

OSB Group (LON:OSB) last posted its quarterly earnings data on Thursday, August 6th. The company reported GBX 38.80 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, sell-side analysts expect that OSB Group Plc will post 85.1214128 EPS for the current fiscal year.

Insider Transactions at OSB Group

In related news, insider Victoria Hyde sold 5,132 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of GBX 525, for a total transaction of £26,943. Also, insider Andy Golding sold 11,127 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of GBX 525, for a total transaction of £58,416.75. 0.40% of the stock is owned by company 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.