OSB Group (LON:OSB) Sets New 52-Week High – Still a Buy?

OSB Group Plc (LON:OSB)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 638 and last traded at GBX 635.50, with a volume of 130474 shares. The stock had previously closed at GBX 633.50.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OSB shares. Shore Capital reiterated a “buy” rating and set a GBX 665 price target on shares of OSB Group in a research report on Wednesday, November 19th. Peel Hunt reaffirmed a “hold” rating and set a GBX 564 target price on shares of OSB Group in a research note on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, OSB Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 621.33.

OSB Group Stock Down 0.2%

The stock has a market cap of £2.27 billion, a price-to-earnings ratio of 9.25 and a beta of 1.41. The company’s 50-day simple moving average is GBX 564.82 and its 200-day simple moving average is GBX 551.04.

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.