OSB Group (LON:OSB) Stock Breaks Below Fifty Day Moving Average - Here's Why

Key Points

• OSB Group shares fell below their 50-day moving average, reaching GBX 490.80 and last trading at GBX 491.20, below the 50-day average of GBX 517.27.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and a GBX 665.80 price target. Targets range from Deutsche Bank’s GBX 615 to Royal Bank of Canada’s GBX 750.
• The company reported quarterly EPS of GBX 38.80, a 15.38% net margin and 13.06% return on equity; insider activity included a £50,500 purchase and a £1.08 million sale of shares.

Shares of OSB Group Plc (LON:OSB - Get Free Report) crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 517.27 and traded as low as GBX 490.80. OSB Group shares last traded at GBX 491.20, with a volume of 478,447 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OSB. Jefferies Financial Group reiterated a "buy" rating and set a GBX 720 target price on shares of OSB Group in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on OSB Group from GBX 660 to GBX 615 and set a "hold" rating for the company in a report on Friday, August 21st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 750 price objective on shares of OSB Group in a report on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, OSB Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 665.80.

OSB Group Price Performance

The business's 50-day moving average is GBX 517.27 and its 200 day moving average is GBX 524.30. The firm has a market capitalization of £1.67 billion, a P/E ratio of 6.64 and a beta of 1.05.

OSB Group (LON:OSB - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported GBX 38.80 earnings per share (EPS) for the quarter. OSB Group had a net margin of 15.38% and a return on equity of 13.06%. Analysts anticipate that OSB Group Plc will post 85.1214128 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Simon Walker purchased 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of GBX 505 per share, for a total transaction of £50,500. Also, insider Enrique Alvarez Labiano sold 212,494 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of GBX 507, for a total value of £1,077,344.58. 0.40% of the stock is currently owned by 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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