OSB Group (LON:OSB) Insider Sells £1,999,082.70 in Stock

Key Points

• Andy Golding, an OSB Group insider, sold 462,538 shares across March 10–12, raising about £2.68 million; the largest tranche was 343,485 shares on March 10 at an average of GBX 582 (£1,999,082.70).
• OSB shares traded near GBX 566.50 (market cap ~£2.0bn, PE 8.23) and the board approved an open‑market share buyback on March 5; analysts have a consensus rating of "Moderate Buy" with a price target of GBX 631.

OSB Group Plc (LON:OSB - Get Free Report) insider Andy Golding sold 343,485 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of GBX 582, for a total transaction of £1,999,082.70.

Andy Golding also recently made the following trade(s):

• On Wednesday, March 11th, Andy Golding sold 74,699 shares of OSB Group stock. The stock was sold at an average price of GBX 574, for a total value of £428,772.26.
• On Thursday, March 12th, Andy Golding sold 44,354 shares of OSB Group stock. The shares were sold at an average price of GBX 569, for a total value of £252,374.26.

OSB Group Price Performance

Shares of OSB traded down GBX 0.50 during mid-day trading on Friday, reaching GBX 566.50. 326,995 shares of the company's stock were exchanged, compared to its average volume of 3,836,128. The stock has a market capitalization of £2.00 billion, a PE ratio of 8.23 and a beta of 1.07. The business's fifty day simple moving average is GBX 609.16 and its 200-day simple moving average is GBX 579.43. OSB Group Plc has a 52-week low of GBX 360.60 and a 52-week high of GBX 647.50.

OSB Group (LON:OSB - Get Free Report) last announced its earnings results on Thursday, March 5th. The company reported GBX 75.60 EPS for the quarter. OSB Group had a net margin of 22.29% and a return on equity of 13.26%. Equities research analysts predict that OSB Group Plc will post 85.1214128 earnings per share for the current year.

OSB Group announced that its Board of Directors has approved a stock buyback program on Thursday, March 5th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on OSB shares. Peel Hunt reaffirmed a "hold" rating and set a GBX 564 price target on shares of OSB Group in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft downgraded OSB Group to a "hold" rating and upped their price objective for the stock from GBX 650 to GBX 660 in a report on Friday, January 23rd. Finally, Shore Capital Group reaffirmed a "buy" rating on shares of OSB Group in a research report on Thursday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 631.

About OSB Group

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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