OSB Group (LON:OSB) Share Price Crosses Below 200 Day Moving Average – What’s Next?

OSB Group Plc (LON:OSB)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 560.88 and traded as low as GBX 540. OSB Group shares last traded at GBX 545.50, with a volume of 363,115 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on OSB shares. Royal Bank Of Canada restated an “outperform” rating and set a GBX 800 price target on shares of OSB Group in a report on Thursday, March 26th. Shore Capital Group reiterated a “buy” rating and issued a GBX 680 price objective on shares of OSB Group in a research note on Thursday, April 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, OSB Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 667.80.

OSB Group Stock Performance

The business has a fifty day simple moving average of GBX 515.91 and a 200 day simple moving average of GBX 560.88. The stock has a market capitalization of £1.86 billion, a P/E ratio of 7.41 and a beta of 1.05.

Insiders Place Their Bets

In other OSB Group news, insider Victoria Hyde sold 5,132 shares of OSB Group stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of GBX 525, for a total transaction of £26,943. Also, insider Andy Golding sold 11,127 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of GBX 525, for a total transaction of £58,416.75. Insiders sold a total of 52,689 shares of company stock valued at $28,754,625 over the last three months. 0.39% 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.