OSB Group (LON:OSB) Stock Price Passes Below 200 Day Moving Average - Time to Sell?

Key Points

• OSB Group shares fell below their 200-day moving average, trading as low as GBX 515 and last changing hands at GBX 518.48, which may signal weakening short-term momentum.
• Despite the pullback, analysts remain generally positive: OSB has a consensus rating of “Moderate Buy” with an average price target of GBX 667.80, while RBC and Shore Capital both maintain bullish views.
• The company recently reported solid earnings and launched a share repurchase plan, but insider selling has also been notable, including a March sale by CEO Andy Golding.

OSB Group Plc (LON:OSB - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 576.96 and traded as low as GBX 515. OSB Group shares last traded at GBX 518.48, with a volume of 46,865,348 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 800 price target on shares of OSB Group in a research report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft lowered shares of OSB Group to a "hold" rating and upped their price objective for the stock from GBX 650 to GBX 660 in a research note on Friday, January 23rd. Finally, Shore Capital Group reiterated a "buy" rating and set a GBX 680 target price on shares of OSB Group in a report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, OSB Group has a consensus rating of "Moderate Buy" and an average price target of GBX 667.80.

OSB Group Price Performance

The company has a market cap of £1.79 billion, a PE ratio of 6.98 and a beta of 1.05. The business has a fifty day simple moving average of GBX 549.52 and a two-hundred day simple moving average of GBX 576.96.

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

OSB Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 5th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Insider Transactions at OSB Group

In other OSB Group news, insider Andy Golding sold 343,485 shares of the business's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of GBX 582, for a total value of £1,999,082.70. Insiders sold a total of 670,474 shares of company stock valued at $382,880,908 in the last 90 days. 0.49% of the stock is owned by insiders.

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. 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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