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

OSB Group Plc (LON:OSB)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 529.86 and traded as low as GBX 514.50. OSB Group shares last traded at GBX 517.46, with a volume of 1,149,506 shares trading hands.

Analyst Upgrades and Downgrades

OSB has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on OSB Group from GBX 660 to GBX 615 and set a “hold” rating for the company in a research note on Friday, August 21st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 720 target price on shares of OSB Group in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 750 price target on shares of OSB Group in a research report on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 665.80.

OSB Group Trading Down 1.3%

The firm’s fifty day moving average price is GBX 528.30 and its 200 day moving average price is GBX 529.72. The firm has a market capitalization of £1.72 billion, a PE ratio of 6.85 and a beta of 1.05.

OSB Group (LON:OSB) last posted its quarterly earnings results on Thursday, August 6th. The company reported GBX 38.80 earnings per share for the quarter. OSB Group had a net margin of 15.38% and a return on equity of 13.06%. As a group, research analysts expect that OSB Group Plc will post 85.1214128 EPS for the current year.

Insiders Place Their Bets

In other news, insider Simon Walker bought 10,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of GBX 505 per share, with a total value of £50,500. 0.40% of the stock is currently owned by insiders.

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.