OSB Group (LON:OSB) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of OSB Group Plc (LON:OSB) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 574.68 and traded as low as GBX 484.60. OSB Group shares last traded at GBX 488.40, with a volume of 118,608,641 shares trading hands.

Analyst Ratings Changes

Several research analysts have issued reports on OSB shares. Shore Capital Group reiterated a “buy” rating and set a GBX 680 target price on shares of OSB Group in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft cut shares of OSB Group to a “hold” rating and upped their price target for the stock from GBX 650 to GBX 660 in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 800 price objective on shares of OSB Group in a research note on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 667.80.

OSB Group Stock Performance

The business has a 50 day moving average of GBX 537.92 and a two-hundred day moving average of GBX 574.68. The stock has a market capitalization of £1.70 billion, a PE ratio of 6.64 and a beta of 1.05.

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

OSB Group declared that its board has approved a stock repurchase program on Thursday, March 5th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other OSB Group news, insider Andy Golding sold 36,430 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of GBX 555, for a total value of £202,186.50. Insiders have sold a total of 670,474 shares of company stock worth $382,880,908 over the last three months. Corporate insiders own 0.49% of the company’s stock.

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.