OSB Group (LON:OSB) Price Target Lowered to GBX 615 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank lowered OSB Group’s price target to GBX 615 from GBX 660 while maintaining a “hold” rating, implying roughly 20% upside from the stock’s current price.
• Analyst sentiment remains positive overall: Shore Capital reiterated a “buy” rating with a GBX 680 target, while OSB Group’s consensus rating is “Moderate Buy” with an average target of GBX 658.80.
• OSB shares opened at GBX 511.50, with the company valued at approximately £1.75 billion; recent quarterly EPS was GBX 38.80, alongside a 15.28% net margin and 13.06% return on equity.

OSB Group (LON:OSB - Get Free Report) had its price objective cut by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 660 to GBX 615 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 20.23% from the stock's current price.

Separately, Shore Capital Group reissued a "buy" rating and set a GBX 680 price objective on shares of OSB Group in a research note on Thursday, April 30th. Three equities research 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 presently has an average rating of "Moderate Buy" and an average target price of GBX 658.80.

OSB Group Price Performance

OSB stock opened at GBX 511.50 on Friday. OSB Group has a 12 month low of GBX 479 and a 12 month high of GBX 647.50. The firm has a market cap of £1.75 billion, a PE ratio of 6.95 and a beta of 1.06. The firm has a 50 day simple moving average of GBX 535.85 and a 200 day simple moving average of GBX 542.82.

OSB Group (LON:OSB - Get Free Report) last posted its quarterly 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 15.28% and a return on equity of 13.06%. As a group, sell-side analysts expect that OSB Group will post 85.1214128 earnings per share for the current year.

Insider Buying and Selling at OSB Group

In other OSB Group news, insider Andy Golding sold 11,127 shares of the firm's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of GBX 525, for a total value of £58,416.75. Also, insider Simon Walker bought 10,000 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of GBX 505 per share, with a total value of £50,500. Insiders own 0.40% of the company's stock.

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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