OSB Group's (OSB) "Buy" Rating Reaffirmed at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Buy” rating on OSB Group and maintained a GBX 720 price target, implying approximately 40.35% upside from the current price.
• Analyst sentiment remains positive overall, with OSB Group carrying a “Moderate Buy” consensus rating and an average target price of GBX 665.80; RBC also reiterated an “Outperform” rating, while Deutsche Bank lowered its target to GBX 615 and kept a “Hold” rating.
• OSB Group shares opened at GBX 513, near the lower end of their 12-month range, while the company reported quarterly earnings of GBX 38.80 per share and a 13.06% return on equity.

OSB Group (LON:OSB - Get Free Report)'s stock had its "buy" rating restated by Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 720 target price on the stock. Jefferies Financial Group's price target points to a potential upside of 40.35% from the company's current price.

Several other research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price target on OSB Group from GBX 660 to GBX 615 and set a "hold" rating for the company in a research note on Friday, August 21st. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 750 price objective on shares of OSB Group in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, OSB Group currently has a consensus rating of "Moderate Buy" and an average target price of GBX 665.80.

OSB Group Trading Down 0.2%

LON:OSB opened at GBX 513 on Wednesday. OSB Group has a 12 month low of GBX 479 and a 12 month high of GBX 647.50. The firm's 50 day moving average is GBX 534.59 and its 200 day moving average is GBX 537.37. The stock has a market capitalization of £1.75 billion, a PE ratio of 6.97 and a beta of 1.06.

OSB Group (LON:OSB - Get Free Report) last announced its quarterly earnings data 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 15.38%. Research analysts predict that OSB Group will post 85.1214128 earnings per share for the current year.

Insider Activity

In related news, insider Simon Walker acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired 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 firm'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. 0.40% of the stock is owned by company 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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