OSB Group (LON:OSB) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

OSB Group Plc (LON:OSB) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 564.27 and traded as low as GBX 537. OSB Group shares last traded at GBX 544, with a volume of 291,311 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 800 price target on shares of OSB Group in a report on Thursday, March 26th. Shore Capital Group reiterated a “buy” rating and issued a GBX 680 price objective on shares of OSB Group in a research report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 667.80.

OSB Group Stock Up 0.6%

The firm has a market capitalization of £1.87 billion, a P/E ratio of 7.39 and a beta of 1.05. The business’s 50 day moving average is GBX 513.98 and its two-hundred day moving average is GBX 564.27.

OSB Group announced that its Board of Directors has approved a stock buyback program on Thursday, March 5th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at OSB Group

In other news, insider Andy Golding sold 11,127 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of GBX 525, for a total transaction of £58,416.75. Also, insider Victoria Hyde sold 5,132 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of GBX 525, for a total value of £26,943. In the last 90 days, insiders sold 52,689 shares of company stock valued at $28,754,625. Insiders own 0.39% of the company’s stock.

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.