OSB Group (LON:OSB) Board of Directors Approves Stock Buyback Plan

OSB Group (LON:OSB) declared that its Board of Directors has authorized a share buyback plan on Thursday, March 5th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered OSB Group to a “hold” rating and increased their price target for the stock from GBX 650 to GBX 660 in a research note on Friday, January 23rd. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 665 price objective on shares of OSB Group in a research note on Friday, December 19th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 564 price objective on shares of OSB Group in a research note on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 631.

OSB Group Trading Up 1.2%

LON:OSB traded up GBX 7 during midday trading on Thursday, hitting GBX 574.50. 1,482,959 shares of the company were exchanged, compared to its average volume of 3,607,094. The company has a market capitalization of £2.04 billion, a PE ratio of 8.35 and a beta of 1.08. The company has a fifty day simple moving average of GBX 615.93 and a 200 day simple moving average of GBX 578.64. OSB Group has a fifty-two week low of GBX 360.60 and a fifty-two week high of GBX 647.50.

OSB Group (LON:OSB) last issued its earnings results on Thursday, March 5th. The company reported GBX 75.60 EPS for the quarter. OSB Group had a net margin of 42.75% and a return on equity of 12.35%. As a group, equities research analysts expect that OSB Group will post 85.1214128 EPS for the current year.

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.