OSB Group (LON:OSB) Shares Cross Below 50-Day Moving Average - Should You Sell?

Key Points

• Technical weakness: OSB crossed below its 50‑day moving average (GBX 561.91) and last traded at GBX 548, down about 1.1% on a volume of 562,695 shares.
• Analyst outlook: The stock has a consensus rating of "Moderate Buy" (three Buy, two Hold) with an average target of GBX 664.80, implying meaningful upside from the current price.
• Insider activity: Significant insider selling has occurred recently — Andy Golding sold 36,430 shares at GBX 555 and insiders have sold 670,474 shares worth roughly $382.9M in the past 90 days, with insiders owning just 0.49%.

OSB Group Plc (LON:OSB - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 561.91 and traded as low as GBX 545. OSB Group shares last traded at GBX 548, with a volume of 562,695 shares changing hands.

Wall Street Analyst Weigh In

OSB has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 800 price target on shares of OSB Group in a research report on Thursday, March 26th. Shore Capital Group restated a "buy" rating on shares of OSB Group in a research note on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of OSB Group to a "hold" rating and upped their target price for the stock from GBX 650 to GBX 660 in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 664.80.

OSB Group Stock Down 1.1%

The stock has a market capitalization of £1.90 billion, a PE ratio of 7.34 and a beta of 1.10. The firm's fifty day moving average price is GBX 561.91 and its two-hundred day moving average price is GBX 578.35.

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

OSB Group declared that its board has authorized a share buyback program on Thursday, March 5th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity at OSB Group

In related news, insider Andy Golding sold 36,430 shares of OSB Group stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of GBX 555, for a total transaction of £202,186.50. In the last 90 days, insiders have sold 670,474 shares of company stock worth $382,880,908. 0.49% of the stock is owned by company insiders.

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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