OSB Group (LON:OSB) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

OSB Group Plc (LON:OSB) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 538.99 and traded as low as GBX 513.50. OSB Group shares last traded at GBX 515.05, with a volume of 58,887,168 shares.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reduced their price target on shares of OSB Group from GBX 660 to GBX 615 and set a “hold” rating for the company in a research report on Friday, August 21st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 664.75.

OSB Group Price Performance

The firm has a 50-day moving average of GBX 534.85 and a 200 day moving average of GBX 538.99. The company has a market capitalization of £1.76 billion, a PE ratio of 7.00 and a beta of 1.06.

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

Insider Activity

In related news, insider Victoria Hyde sold 5,132 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of GBX 525, for a total value of £26,943. Also, insider Simon Walker bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of GBX 505 per share, with a total value of £50,500. 0.40% of the stock is owned by corporate 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.