OSB Group (LON:OSB) Stock Price Passes Below 50 Day Moving Average – What’s Next?

OSB Group Plc (LON:OSB)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 527.77 and traded as low as GBX 505. OSB Group shares last traded at GBX 510, with a volume of 733,677 shares.

Analyst Ratings Changes

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

OSB Group Stock Performance

The company has a market capitalization of £1.82 billion, a price-to-earnings ratio of 7.09 and a beta of 1.05. The stock’s fifty day simple moving average is GBX 527.77 and its two-hundred day simple moving average is GBX 572.82.

OSB Group (LON:OSB) last issued its quarterly earnings results on Thursday, March 5th. The company reported GBX 75.60 earnings per share for the quarter. OSB Group had a net margin of 22.29% and a return on equity of 13.26%. On average, equities analysts anticipate that OSB Group Plc will post 85.1214128 EPS for the current fiscal year.

OSB Group announced that its Board of Directors has authorized a share buyback plan on Thursday, March 5th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other OSB Group news, insider Andy Golding sold 36,430 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of GBX 555, for a total value of £202,186.50. Over the last three months, insiders have sold 670,474 shares of company stock valued at $382,880,908. 0.49% of the stock is currently owned by corporate 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.