OSB Group (LON:OSB) Hits New 12-Month Low – Should You Sell?

OSB Group Plc (LON:OSB) shares reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as GBX 478.36 and last traded at GBX 480.40, with a volume of 222,369 shares traded. The stock had previously closed at GBX 485.40.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OSB. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 750 target price on shares of OSB Group in a research report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of OSB Group from GBX 660 to GBX 615 and set a “hold” rating for the company in a report on Friday, August 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 720 price target on shares of OSB Group in a research report on Wednesday, September 2nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 665.80.

OSB Group Price Performance

The stock’s 50-day simple moving average is GBX 511.21 and its two-hundred day simple moving average is GBX 522.69. The firm has a market capitalization of £1.65 billion, a P/E ratio of 6.52 and a beta of 1.05.

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 net margin of 15.38% and a return on equity of 13.06%. On average, analysts forecast that OSB Group Plc will post 85.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other OSB Group news, insider Simon Walker acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average price of GBX 505 per share, for a total transaction of £50,500. Also, insider Enrique Alvarez Labiano sold 212,494 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of GBX 507, for a total transaction of £1,077,344.58. 0.63% of the stock is currently owned by corporate 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.