OSB Group Plc (LON:OSB) Insider Sells £2,387.43 in Stock

OSB Group Plc (LON:OSB) insider Victoria Hyde sold 647 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of GBX 369 ($4.83), for a total value of £2,387.43 ($3,122.05).

OSB Group Stock Up 2.6 %

LON:OSB opened at GBX 384.60 ($5.03) on Friday. The business’s 50-day moving average price is GBX 446.95 and its 200 day moving average price is GBX 433.04. OSB Group Plc has a 52-week low of GBX 277.20 ($3.62) and a 52-week high of GBX 533.50 ($6.98). The firm has a market cap of £1.47 billion, a P/E ratio of 400.63 and a beta of 1.41.

OSB Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 22nd will be issued a GBX 10.70 ($0.14) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a dividend yield of 2.21%. OSB Group’s payout ratio is currently 3,437.50%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OSB. Jefferies Financial Group restated a “buy” rating and set a GBX 600 ($7.85) price objective on shares of OSB Group in a research note on Thursday, June 13th. Berenberg Bank reduced their price target on shares of OSB Group from GBX 660 ($8.63) to GBX 580 ($7.58) and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Shore Capital reiterated a “buy” rating on shares of OSB Group in a research note on Thursday, August 15th.

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.