Deutsche Bank Aktiengesellschaft Lowers OSB Group (LON:OSB) Price Target to GBX 615

OSB Group (LON:OSB) had its price objective lowered by Deutsche Bank Aktiengesellschaft from GBX 660 to GBX 615 in a report released on Friday,London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 20.23% from the stock’s current price.

Separately, Shore Capital Group restated a “buy” rating and set a GBX 680 price target on shares of OSB Group in a report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 658.80.

OSB Group Trading Down 0.1%

Shares of OSB Group stock opened at GBX 511.50 on Friday. OSB Group has a 1 year low of GBX 479 and a 1 year high of GBX 647.50. The company has a market cap of £1.75 billion, a P/E ratio of 6.95 and a beta of 1.06. The stock has a 50-day moving average price of GBX 535.85 and a 200 day moving average price of GBX 542.82.

OSB Group (LON:OSB) last released its earnings results on Thursday, August 6th. The company reported GBX 38.80 earnings per share for the quarter. OSB Group had a return on equity of 13.06% and a net margin of 15.28%. On average, equities analysts forecast that OSB Group will post 85.1214128 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OSB Group news, insider Andy Golding sold 11,127 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of GBX 525, for a total value of £58,416.75. Also, insider Simon Walker purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of GBX 505 per share, for a total transaction of £50,500. Insiders own 0.40% of the company’s stock.

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.