OSB Group (LON:OSB) Insider Sells £1,999,082.70 in Stock

OSB Group Plc (LON:OSB) insider Andy Golding sold 343,485 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of GBX 582, for a total transaction of £1,999,082.70.

Andy Golding also recently made the following trade(s):

• On Wednesday, March 11th, Andy Golding sold 74,699 shares of OSB Group stock. The stock was sold at an average price of GBX 574, for a total transaction of £428,772.26.
• On Thursday, March 12th, Andy Golding sold 44,354 shares of OSB Group stock. The shares were sold at an average price of GBX 569, for a total transaction of £252,374.26.

OSB Group Price Performance

LON:OSB traded down GBX 0.50 during trading hours on Friday, reaching GBX 566.50. The company’s stock had a trading volume of 326,995 shares, compared to its average volume of 3,836,128. The company has a market cap of £2.00 billion, a price-to-earnings ratio of 8.23 and a beta of 1.07. OSB Group Plc has a one year low of GBX 360.60 and a one year high of GBX 647.50. The business’s 50-day moving average is GBX 609.16 and its 200-day moving average is GBX 579.43.

OSB Group (LON:OSB) last announced its quarterly earnings results on Thursday, March 5th. The company reported GBX 75.60 earnings per share for the quarter. OSB Group had a return on equity of 13.26% and a net margin of 22.29%. On average, sell-side analysts predict that OSB Group Plc will post 85.1214128 EPS for the current fiscal year.

OSB Group announced that its Board of Directors has initiated a share repurchase program on Thursday, March 5th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OSB. Peel Hunt restated a “hold” rating and issued a GBX 564 price objective on shares of OSB Group in a research note on Thursday, November 13th. Shore Capital Group reaffirmed a “buy” rating on shares of OSB Group in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered OSB Group to a “hold” rating and lifted their price objective for the stock from GBX 650 to GBX 660 in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 631.

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.