OSB Group (LON:OSB) Earns Outperform Rating from Royal Bank Of Canada

OSB Group (LON:OSB)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a note issued to investors on Thursday, Marketbeat reports. They currently have a GBX 800 price objective on the stock. Royal Bank Of Canada’s target price points to a potential upside of 55.49% from the company’s current price.

A number of other research analysts have also commented on the company. Deutsche Bank Aktiengesellschaft lowered OSB Group to a “hold” rating and increased their price objective for the company from GBX 650 to GBX 660 in a research report on Friday, January 23rd. Shore Capital Group restated a “buy” rating on shares of OSB Group in a research report on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, OSB Group has an average rating of “Moderate Buy” and a consensus target price of GBX 664.80.

OSB Group Trading Down 2.4%

Shares of OSB stock opened at GBX 514.50 on Thursday. OSB Group has a 1 year low of GBX 360.60 and a 1 year high of GBX 647.50. The firm’s 50 day moving average is GBX 589.98 and its 200-day moving average is GBX 579.81. The firm has a market capitalization of £1.82 billion, a price-to-earnings ratio of 7.48 and a beta of 1.07.

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

OSB Group announced that its Board of Directors has approved a stock repurchase program on Thursday, March 5th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at OSB Group

In related news, insider Andy Golding sold 115,860 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of GBX 545, for a total value of £631,437. Insiders have sold 634,044 shares of company stock worth $362,662,258 over the last ninety days. Insiders own 0.49% 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.