Andy Golding Sells 44,354 Shares of OSB Group (LON:OSB) Stock

OSB Group Plc (LON:OSB) insider Andy Golding sold 44,354 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of GBX 569, for a total transaction of £252,374.26.

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

• 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 value of £1,999,082.70.
• On Wednesday, March 11th, Andy Golding sold 74,699 shares of OSB Group stock. The shares were sold at an average price of GBX 574, for a total transaction of £428,772.26.

OSB Group Trading Down 0.1%

Shares of OSB stock traded down GBX 0.50 during trading on Friday, hitting GBX 566.50. The company’s stock had a trading volume of 326,995 shares, compared to its average volume of 3,836,128. The company has a market cap of £2.00 billion, a PE ratio of 8.23 and a beta of 1.07. The business has a fifty day moving average of GBX 609.16 and a 200-day moving average of GBX 579.43. OSB Group Plc has a 52 week low of GBX 360.60 and a 52 week high of GBX 647.50.

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

OSB Group declared that its board has approved a stock buyback program on Thursday, March 5th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have issued reports on OSB. Deutsche Bank Aktiengesellschaft downgraded OSB Group to a “hold” rating and increased their target price for the stock from GBX 650 to GBX 660 in a research report on Friday, January 23rd. 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. Finally, Shore Capital Group reissued a “buy” rating on shares of OSB Group in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, OSB Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 631.

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.