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OSB Group (LON:OSB) Shares Cross Above 50-Day Moving Average - Time to Sell?

OSB Group logo with Financial Services background

OSB Group Plc (LON:OSB - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 476.98 ($6.41) and traded as high as GBX 508 ($6.83). OSB Group shares last traded at GBX 496 ($6.67), with a volume of 2,766,021 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a "buy" rating on shares of OSB Group in a research note on Wednesday, April 30th.

View Our Latest Stock Report on OSB Group

OSB Group Stock Up 0.6%

The company has a market capitalization of £1.83 billion, a price-to-earnings ratio of 4.94 and a beta of 1.41. The company's 50 day simple moving average is GBX 476.98 and its two-hundred day simple moving average is GBX 435.97.

Insider Buying and Selling at OSB Group

In other news, insider Andy Golding sold 5,399 shares of OSB Group stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of GBX 449 ($6.04), for a total transaction of £24,241.51 ($32,600.20). Insiders sold a total of 269,126 shares of company stock worth $129,375,868 over the last three months. Corporate insiders own 0.85% of the company's stock.

OSB Group Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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