OSB Group (LON:OSB) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• OSB Group Plc shares have crossed above their fifty-day moving average, trading at GBX 556.50 ($7.49) with a notable trading volume of 589,034 shares.
• Shore Capital has reiterated a "buy" rating for OSB Group, contributing to a consensus rating of "Buy" from analysts.
• The company's market capitalization stands at £2.04 billion with a price-to-earnings ratio of 5.50, reflecting its financial performance.

OSB Group Plc (LON:OSB - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 544.18 ($7.35) and traded as high as GBX 556.50 ($7.52). OSB Group shares last traded at GBX 556.50 ($7.52), with a volume of 589,034 shares trading hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised their price objective on OSB Group from GBX 565 to GBX 635 and gave the company a "buy" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 635.

OSB Group Trading Down 3.7%

The company has a market cap of £1.92 billion, a P/E ratio of 696.83 and a beta of 1.41. The company has a 50 day moving average price of GBX 547.45 and a 200-day moving average price of GBX 485.85.

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

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.