OSB Group (LON:OSB) Stock Crosses Below 200 Day Moving Average - What's Next?

Key Points

• OSB Group shares fell below their 200-day moving average, trading as low as GBX 514.50 and last changing hands at GBX 517.46 on volume of roughly 1.15 million shares.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of GBX 665.80. Recent targets range from GBX 615 at Deutsche Bank to GBX 750 at RBC.
• The company reported quarterly EPS of GBX 38.80, a 15.38% net margin and a 13.06% return on equity; insider Simon Walker also purchased 10,000 shares at GBX 505 each.

OSB Group Plc (LON:OSB - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 529.86 and traded as low as GBX 514.50. OSB Group shares last traded at GBX 517.46, with a volume of 1,149,506 shares traded.

Analysts Set New Price Targets

OSB has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of OSB Group from GBX 660 to GBX 615 and set a "hold" rating for the company in a research report on Friday, August 21st. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 750 target price on shares of OSB Group in a research report on Tuesday, September 1st. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 720 price target on shares of OSB Group in a report on Wednesday, September 2nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 665.80.

OSB Group Stock Down 0.3%

The company has a market capitalization of £1.75 billion, a PE ratio of 6.94 and a beta of 1.05. The company's 50 day moving average is GBX 529.10 and its two-hundred day moving average is GBX 529.86.

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

Insider Activity

In other news, insider Simon Walker bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of GBX 505 per share, for a total transaction of £50,500. Company insiders own 0.40% 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. 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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