OSB Group (LON:OSB) Insider Sells £58,416.75 in Stock

OSB Group Plc (LON:OSB) insider Andy Golding sold 11,127 shares of the firm’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.

Andy Golding also recently made the following trade(s):

• On Wednesday, April 15th, Andy Golding sold 36,430 shares of OSB Group stock. The shares were sold at an average price of GBX 555, for a total transaction of £202,186.50.
• On Friday, March 20th, Andy Golding sold 115,860 shares of OSB Group stock. The shares were sold at an average price of GBX 545, for a total transaction of £631,437.

OSB Group Price Performance

LON OSB traded up GBX 2 during trading on Thursday, reaching GBX 525.50. 593,280 shares of the company’s stock traded hands, compared to its average volume of 3,686,196. The firm has a market cap of £1.81 billion, a price-to-earnings ratio of 7.14 and a beta of 1.05. The company’s 50 day simple moving average is GBX 519.56 and its two-hundred day simple moving average is GBX 568.02. OSB Group Plc has a 12-month low of GBX 479 and a 12-month high of GBX 647.50.

OSB Group declared that its board has authorized a share buyback program on Thursday, March 5th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

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

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.