OSB Group (LON:OSB) Insider Sells £631,437 in Stock

OSB Group Plc (LON:OSB) insider Andy Golding sold 115,860 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of GBX 545, for a total transaction of £631,437.

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

• On Friday, March 13th, Andy Golding sold 55,646 shares of OSB Group stock. The stock was sold at an average price of GBX 566, for a total transaction of £314,956.36.
• On Tuesday, March 10th, Andy Golding sold 343,485 shares of OSB Group stock. The shares were sold at an average price of GBX 582, for a total transaction of £1,999,082.70.
• On Wednesday, March 11th, Andy Golding sold 74,699 shares of OSB Group stock. The stock was sold at an average price of GBX 574, for a total transaction of £428,772.26.
• On Thursday, March 12th, Andy Golding sold 44,354 shares of OSB Group stock. The stock was sold at an average price of GBX 569, for a total transaction of £252,374.26.

OSB Group Stock Performance

Shares of OSB opened at GBX 527 on Friday. OSB Group Plc has a fifty-two week low of GBX 360.60 and a fifty-two week high of GBX 647.50. The firm’s 50-day simple moving average is GBX 592.40 and its two-hundred day simple moving average is GBX 579.99. The stock has a market cap of £1.86 billion, a PE ratio of 7.66 and a beta of 1.07.

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

OSB Group announced that its board has approved a share repurchase program on Thursday, March 5th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on OSB shares. Shore Capital Group reiterated a “buy” rating on shares of OSB Group in a research note on Thursday, March 12th. Deutsche Bank Aktiengesellschaft lowered shares of OSB Group to a “hold” rating and raised their price objective for the company from GBX 650 to GBX 660 in a research note on Friday, January 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 800 target price on shares of OSB Group in a report on Thursday. Three investment 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 664.80.

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.