Deutsche Bank Aktiengesellschaft Cuts OSB Group (LON:OSB) Price Target to GBX 615

OSB Group (LON:OSB) had its price objective lowered by Deutsche Bank Aktiengesellschaft from GBX 660 to GBX 615 in a research note released on Friday, MarketBeat Ratings reports. The firm currently has a hold rating on the stock.

Separately, Shore Capital Group reissued a “buy” rating and set a GBX 680 price target on shares of OSB Group in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 658.80.

OSB Group Price Performance

Shares of OSB Group stock opened at GBX 513.29 on Friday. OSB Group has a 1 year low of GBX 479 and a 1 year high of GBX 647.50. The company has a market capitalization of £1.75 billion, a price-to-earnings ratio of 6.97 and a beta of 1.06. The business has a fifty day simple moving average of GBX 535.76 and a two-hundred day simple moving average of GBX 542.08.

OSB Group (LON:OSB) last announced its quarterly earnings results on Thursday, August 6th. The company reported GBX 38.80 EPS for the quarter. OSB Group had a net margin of 15.38% and a return on equity of 13.06%. As a group, equities analysts anticipate that OSB Group will post 85.1214128 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Andy Golding sold 11,127 shares of the business’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. Also, insider Victoria Hyde sold 5,132 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of GBX 525, for a total value of £26,943. Corporate insiders own 0.40% 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.