OSB Group (LON:OSB) Hits New 12-Month High – Here’s What Happened

OSB Group Plc (LON:OSB)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 605 and last traded at GBX 599.35, with a volume of 693053 shares traded. The stock had previously closed at GBX 596.

Analyst Ratings Changes

Several analysts recently issued reports on OSB shares. Peel Hunt reaffirmed a “hold” rating and set a GBX 564 price objective on shares of OSB Group in a research note on Thursday, November 13th. Shore Capital restated a “buy” rating and set a GBX 665 target price on shares of OSB Group in a report on Wednesday, November 19th. Finally, Jefferies Financial Group upped their price target on OSB Group from GBX 565 to GBX 635 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, OSB Group has a consensus rating of “Moderate Buy” and an average target price of GBX 621.33.

OSB Group Price Performance

The business’s 50 day simple moving average is GBX 556.57 and its 200 day simple moving average is GBX 545.93. The company has a market capitalization of £2.15 billion, a PE ratio of 8.78 and a beta of 1.41.

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.