Andy Golding Sells 11,127 Shares of OSB Group (LON:OSB) Stock

OSB Group Plc (LON:OSB) insider Andy Golding sold 11,127 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of GBX 525, for a total value of £58,416.75.

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

• On Wednesday, April 15th, Andy Golding sold 36,430 shares of OSB Group stock. The shares were sold at an average price of GBX 555, for a total value of £202,186.50.
• On Friday, March 20th, Andy Golding sold 115,860 shares of OSB Group stock. The shares were sold at an average price of GBX 545, for a total value of £631,437.

OSB Group Trading Up 0.4%

LON:OSB traded up GBX 2 on Thursday, hitting GBX 525.50. 593,280 shares of the company’s stock traded hands, compared to its average volume of 3,686,196. OSB Group Plc has a 1 year low of GBX 479 and a 1 year high of GBX 647.50. The firm has a 50-day moving average price of GBX 519.56 and a 200-day moving average price of GBX 568.02. The company has a market cap of £1.81 billion, a PE ratio of 7.14 and a beta of 1.05.

OSB Group declared that its board has authorized a stock buyback plan on Thursday, March 5th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

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.