OSB Group (LON:OSB) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

OSB Group Plc (LON:OSB) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 544.24 and traded as low as GBX 502. OSB Group shares last traded at GBX 506.50, with a volume of 1,855,468 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reaffirmed a “buy” rating and set a GBX 680 price objective on shares of OSB Group in a report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, OSB Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 667.80.

OSB Group Trading Down 0.4%

The business has a fifty day moving average of GBX 535.72 and a 200-day moving average of GBX 543.54. The firm has a market cap of £1.73 billion, a PE ratio of 6.90 and a beta of 1.06.

OSB Group (LON:OSB) last posted its earnings results on Thursday, August 6th. The company reported GBX 38.80 earnings per share for the quarter. OSB Group had a return on equity of 13.06% and a net margin of 15.28%. On average, equities analysts forecast that OSB Group Plc will post 85.1214128 EPS for the current year.

Insider Buying and Selling at OSB Group

In other news, insider Simon Walker purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of GBX 505 per share, with a total value of £50,500. Also, insider Victoria Hyde sold 5,132 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of GBX 525, for a total value of £26,943. Insiders own 0.40% 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.