OSB Group (LON:OSB) Receives Outperform Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed its “outperform” rating on OSB Group and set a GBX 750 price target, implying approximately 46% upside from the current price.
• Deutsche Bank lowered its price target to GBX 615 and maintained a “hold” rating. Analysts’ consensus view is “Moderate Buy,” with an average target of GBX 652.25.
• OSB Group shares opened at GBX 513.50, while the company recently reported quarterly EPS of GBX 38.80, a 13.06% return on equity, and a 15.38% net margin.

OSB Group (LON:OSB - Get Free Report)'s stock had its "outperform" rating restated by Royal Bank Of Canada in a report released on Tuesday, London Stock Exchange reports. They currently have a GBX 750 price target on the stock. Royal Bank Of Canada's price target would indicate a potential upside of 46.06% from the stock's current price.

Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on OSB Group from GBX 660 to GBX 615 and set a "hold" rating on the stock in a research note on Friday, August 21st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, OSB Group has a consensus rating of "Moderate Buy" and an average price target of GBX 652.25.

OSB Group Stock Down 0.2%

Shares of OSB Group stock opened at GBX 513.50 on Tuesday. OSB Group has a twelve month low of GBX 479 and a twelve month high of GBX 647.50. The business has a 50-day moving average price of GBX 534.75 and a 200-day moving average price of GBX 537.92. The firm has a market cap of £1.75 billion, a price-to-earnings ratio of 6.98 and a beta of 1.06.

OSB Group (LON:OSB - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported GBX 38.80 EPS for the quarter. OSB Group had a return on equity of 13.06% and a net margin of 15.38%. On average, equities analysts expect that OSB Group will post 85.1214128 EPS for the current fiscal year.

Insiders Place Their Bets

In other OSB Group news, insider Simon Walker acquired 10,000 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of GBX 505 per share, with a total value of £50,500. Also, 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 value of £58,416.75. 0.40% of the stock is owned by 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.

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