OSB Group (LON:OSB) Stock Passes Below 200 Day Moving Average – Here’s Why

OSB Group Plc (LON:OSBGet Free Report)’s stock price 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 trading hands.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on OSB Group

OSB Group Price Performance

The stock has a fifty day moving average of GBX 522.42 and a 200 day moving average of GBX 556.77. The firm has a market capitalization of £1.90 billion, a P/E ratio of 7.54 and a beta of 1.05.

Insiders Place Their Bets

In related news, insider Andy Golding sold 11,127 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 value of £58,416.75. Also, 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 transaction of £26,943. Insiders own 0.39% of the company’s stock.

OSB Group Company Profile

(Get Free Report)

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.

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