OSB Group (LON:OSB) Hits New 1-Year Low – Should You Sell?

OSB Group Plc (LON:OSB) hit a new 52-week low during trading on Tuesday. The company traded as low as GBX 470.80 and last traded at GBX 471, with a volume of 367,916 shares trading hands. The stock had previously closed at GBX 482.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on OSB Group from GBX 660 to GBX 615 and set a “hold” rating on the stock in a research report on Friday, August 21st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 720 price target on shares of OSB Group in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 750 price target on shares of OSB Group in a report on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 665.80.

OSB Group Stock Down 2.3%

The business has a 50-day simple moving average of GBX 505.47 and a two-hundred day simple moving average of GBX 521.08. The company has a market cap of £1.59 billion, a price-to-earnings ratio of 6.31 and a beta of 1.05.

OSB Group (LON:OSB) last released its quarterly earnings results on Thursday, August 6th. The company reported GBX 38.80 earnings per share (EPS) for the quarter. OSB Group had a return on equity of 13.06% and a net margin of 15.38%. As a group, equities analysts anticipate that OSB Group Plc will post 85.12 earnings per share for the current year.

Insider Buying and Selling

In other OSB Group news, insider Enrique Alvarez Labiano sold 212,494 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of GBX 507, for a total transaction of £1,077,344.58. Also, insider Simon Walker bought 10,000 shares of the firm’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. 0.63% of the stock is currently owned by company 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.