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OSB Group (LON:OSB) Shares Cross Above 50 Day Moving Average - What's Next?

OSB Group logo with Financial Services background

OSB Group Plc (LON:OSB - Get Free Report)'s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 500.85 ($6.73) and traded as high as GBX 562 ($7.55). OSB Group shares last traded at GBX 561 ($7.53), with a volume of 578,983 shares.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on OSB

OSB Group Stock Performance

The firm has a market cap of £2.08 billion, a P/E ratio of 5.62 and a beta of 1.41. The firm's fifty day moving average price is GBX 507.17 and its 200 day moving average price is GBX 452.62.

Insiders Place Their Bets

In other news, insider Andy Golding sold 251,584 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of GBX 484 ($6.50), for a total value of £1,217,666.56 ($1,635,110.19). Corporate insiders own 0.85% of the company's stock.

About OSB Group

(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.

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