OSB Group’s (OSB) Buy Rating Reiterated at Shore Capital Group

OSB Group (LON:OSB)‘s stock had its “buy” rating reissued by stock analysts at Shore Capital Group in a research report issued to clients and investors on Thursday,Digital Look reports.

A number of other equities analysts also recently commented on OSB. Deutsche Bank Aktiengesellschaft downgraded shares of OSB Group to a “hold” rating and raised their price objective for the stock from GBX 650 to GBX 660 in a report on Friday, January 23rd. Peel Hunt reissued a “hold” rating and issued a GBX 564 price target on shares of OSB Group in a research report on Thursday, November 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 631.

OSB Group Trading Down 0.4%

Shares of LON OSB opened at GBX 571.50 on Thursday. The business has a fifty day simple moving average of GBX 610.57 and a 200 day simple moving average of GBX 579.52. The firm has a market capitalization of £2.02 billion, a price-to-earnings ratio of 8.31 and a beta of 1.07. OSB Group has a one year low of GBX 360.60 and a one year high of GBX 647.50.

OSB Group (LON:OSB) last posted 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, research analysts anticipate 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 buyback plan on Thursday, March 5th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.