Andy Golding Sells 74,699 Shares of OSB Group (LON:OSB) Stock

OSB Group Plc (LON:OSB) insider Andy Golding sold 74,699 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of GBX 574, for a total transaction of £428,772.26.

Andy Golding also recently made the following trade(s):

• On Tuesday, March 10th, Andy Golding sold 343,485 shares of OSB Group stock. The shares were sold at an average price of GBX 582, for a total transaction of £1,999,082.70.
• On Thursday, March 12th, Andy Golding sold 44,354 shares of OSB Group stock. The stock was sold at an average price of GBX 569, for a total transaction of £252,374.26.

OSB Group Trading Down 0.1%

Shares of OSB stock opened at GBX 566.50 on Friday. OSB Group Plc has a 12-month low of GBX 360.60 and a 12-month high of GBX 647.50. The business’s fifty day simple moving average is GBX 607.68 and its 200-day simple moving average is GBX 579.66. The company has a market cap of £2.00 billion, a PE ratio of 8.23 and a beta of 1.07.

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

OSB Group announced that its board has approved a share repurchase program on Thursday, March 5th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Shore Capital Group restated a “buy” rating on shares of OSB Group in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut OSB Group to a “hold” rating and lifted their price objective for the stock from GBX 650 to GBX 660 in a report on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 631.

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.