Shore Capital Issues Positive Forecast for OSB Group (LON:OSB) Stock Price

Key Points

• Shore Capital raised its price target for OSB Group from GBX 610 to GBX 655, indicating a potential upside of 23.00% from the current stock price.
• Jefferies Financial Group also increased its price target to GBX 635, maintaining a "buy" rating, reflecting positive sentiment among analysts.
• OSB Group's stock has seen a 1.2% increase, with its twelve-month range between GBX 343.60 and GBX 574.50.

OSB Group (LON:OSB - Free Report) had its price target raised by Shore Capital from GBX 610 to GBX 655 in a research report sent to investors on Wednesday, MarketBeat Ratings reports. Shore Capital currently has a buy rating on the stock.

Separately, Jefferies Financial Group increased their price target on OSB Group from GBX 565 to GBX 635 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, OSB Group has an average rating of "Buy" and an average price target of GBX 645.

OSB Group Trading Down 0.0%

OSB Group stock traded down GBX 0.19 during midday trading on Wednesday, reaching GBX 536.81. 35,669,512 shares of the stock traded hands, compared to its average volume of 1,500,804. The company has a 50-day simple moving average of GBX 550.27 and a two-hundred day simple moving average of GBX 491.09. OSB Group has a 12-month low of GBX 343.60 and a 12-month high of GBX 574.50. The firm has a market cap of £1.95 billion, a PE ratio of 780.25 and a beta of 1.41.

OSB Group (LON:OSB - Get Free Report) last announced its earnings results on Wednesday, August 20th. The company reported GBX 37.30 EPS for the quarter. OSB Group had a return on equity of 18.78% and a net margin of 27.26%. Equities research analysts anticipate that OSB Group will post 85.1214128 earnings per share for the current year.

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.