OSB Group (LON:OSB) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

OSB Group Plc (LON:OSB) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 500.16 and traded as high as GBX 529. OSB Group shares last traded at GBX 510, with a volume of 915,852 shares.

Analyst Ratings Changes

OSB has been the topic of several analyst reports. Jefferies Financial Group restated a “buy” rating and set a GBX 720 price target on shares of OSB Group in a research report on Wednesday, September 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 750 price objective on shares of OSB Group in a research report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of OSB Group from GBX 660 to GBX 615 and set a “hold” rating on the stock in a research note on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 665.80.

OSB Group Price Performance

The firm has a market capitalization of £1.69 billion, a PE ratio of 6.80 and a beta of 1.05. The company’s fifty day simple moving average is GBX 500.05 and its 200-day simple moving average is GBX 534.64.

OSB Group (LON:OSB) last announced its earnings results on Thursday, August 6th. The company reported GBX 38.80 earnings per share (EPS) for the quarter. OSB Group had a net margin of 15.38% and a return on equity of 13.06%. Analysts forecast that OSB Group Plc will post 85.12 earnings per share for the current year.

Insider Activity

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

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.