OSB Group (LON:OSB) Insider Sells 212,494 Shares of Company Stock

Key Points

• OSB Group insider Enrique Alvarez Labiano sold 212,494 shares at an average price of GBX 507, generating approximately £1.08 million.
• OSB shares rose GBX 12.50 to GBX 516.50 in Monday trading, giving the company a market capitalization of about £1.74 billion.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of GBX 665.80, despite one analyst downgrading the target to GBX 615 with a “hold” rating.

OSB Group Plc (LON:OSB - Get Free Report) insider Enrique Alvarez Labiano sold 212,494 shares of the company's stock in a transaction on Friday, September 25th. The stock was sold at an average price of GBX 507, for a total value of £1,077,344.58.

OSB Group Price Performance

OSB Group stock traded up GBX 12.50 during trading hours on Monday, hitting GBX 516.50. 386,679 shares of the stock traded hands, compared to its average volume of 4,664,017. OSB Group Plc has a 1 year low of GBX 479 and a 1 year high of GBX 647.50. The firm's 50 day moving average price is GBX 524.28 and its 200-day moving average price is GBX 527.18. The stock has a market capitalization of £1.74 billion, a price-to-earnings ratio of 6.92 and a beta of 1.05.

OSB Group (LON:OSB - Get Free Report) 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%. Research analysts forecast that OSB Group Plc will post 85.1214128 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OSB has been the topic of several recent research reports. Jefferies Financial Group restated a "buy" rating and issued a GBX 720 price target on shares of OSB Group in a research report on Wednesday, September 2nd. Royal Bank Of Canada restated an "outperform" rating and set a GBX 750 target price on shares of OSB Group in a research report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of OSB Group from GBX 660 to GBX 615 and set a "hold" rating for the company in a research report 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. According to data from MarketBeat.com, OSB Group has an average rating of "Moderate Buy" and a consensus price target of GBX 665.80.

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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