OSB Group’s (OSB) Outperform Rating Reiterated at Royal Bank Of Canada

OSB Group (LON:OSB)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank Of Canada in a research note issued on Thursday, Marketbeat.com reports. They presently have a GBX 800 price objective on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 54.33% from the company’s previous close.

A number of other research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut OSB Group to a “hold” rating and lifted their target price for the company from GBX 650 to GBX 660 in a report on Friday, January 23rd. Shore Capital Group reissued a “buy” rating on shares of OSB Group in a research note on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 664.80.

OSB Group Stock Performance

Shares of OSB stock opened at GBX 518.37 on Thursday. OSB Group has a one year low of GBX 360.60 and a one year high of GBX 647.50. The company has a 50 day moving average price of GBX 594.61 and a 200 day moving average price of GBX 580.36. The firm has a market capitalization of £1.83 billion, a price-to-earnings ratio of 7.53 and a beta of 1.07.

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

OSB Group announced that its Board of Directors has initiated a share repurchase plan on Thursday, March 5th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Andy Golding sold 343,485 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of GBX 582, for a total value of £1,999,082.70. Insiders sold 634,044 shares of company stock valued at $362,662,258 in the last three months. 0.49% of the stock is currently owned by company insiders.

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.