OSB Group (LON:OSB) Shares Pass Above Fifty Day Moving Average – What’s Next?

OSB Group Plc (LON:OSB) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 592.51 and traded as high as GBX 625. OSB Group shares last traded at GBX 624.06, with a volume of 41,358,422 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on OSB shares. Shore Capital restated a “buy” rating and set a GBX 665 price target on shares of OSB Group in a research note on Friday, December 19th. Peel Hunt reiterated a “hold” rating and issued a GBX 564 price objective on shares of OSB Group in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 621.33.

OSB Group Stock Up 0.8%

The stock’s 50-day moving average price is GBX 592.51 and its 200 day moving average price is GBX 564.85. The company has a market cap of £2.24 billion, a P/E ratio of 9.16 and a beta of 1.41.

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.