OSB Group (LON:OSB) Insider Victoria Hyde Sells 5,132 Shares

OSB Group Plc (LON:OSB) insider Victoria Hyde sold 5,132 shares of the business’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 £26,943.

OSB Group Stock Performance

OSB traded up GBX 2 on Thursday, hitting GBX 525.50. 593,280 shares of the company were exchanged, compared to its average volume of 3,686,196. The business’s fifty day moving average is GBX 519.56 and its 200 day moving average is GBX 568.02. OSB Group Plc has a fifty-two week low of GBX 479 and a fifty-two week high of GBX 647.50. The firm has a market capitalization of £1.81 billion, a P/E ratio of 7.14 and a beta of 1.05.

OSB Group announced that its Board of Directors has initiated a share buyback program on Thursday, March 5th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

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

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.