OSB Group (LON:OSB) Stock Crosses Above 50 Day Moving Average - Should You Sell?

Key Points

• OSB Group's stock has recently crossed above its 50-day moving average of GBX 551.05, reaching a high of GBX 563 during trading.
• Shore Capital and Jefferies Financial Group have both raised their price targets for OSB Group, with a consensus rating of "Buy" and an average target price of GBX 645.
• OSB Group reported a net margin of 27.26% and a return on equity of 18.78%, alongside earnings per share of GBX 37.30 for the last quarter.

OSB Group Plc (LON:OSB - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 551.05 ($7.35) and traded as high as GBX 563 ($7.51). OSB Group shares last traded at GBX 551.50 ($7.36), with a volume of 357,640 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OSB. Shore Capital raised their price target on shares of OSB Group from GBX 610 to GBX 655 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Jefferies Financial Group raised their price target on shares of OSB Group from GBX 565 to GBX 635 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of GBX 645.

OSB Group Stock Performance

The business's 50-day simple moving average is GBX 551.05 and its 200 day simple moving average is GBX 502.16. The firm has a market cap of £2.00 billion, a P/E ratio of 802.33 and a beta of 1.41.

OSB Group (LON:OSB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The company reported GBX 37.30 earnings per share for the quarter. OSB Group had a net margin of 27.26% and a return on equity of 18.78%. As a group, equities research analysts expect that OSB Group Plc will post 85.1214128 EPS for the current year.

Insider Buying and Selling at OSB Group

In related news, insider Victoria Hyde sold 645 shares of OSB Group stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of GBX 539, for a total transaction of £3,476.55. Company insiders own 0.48% of the company's stock.

OSB Group Company Profile

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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