OSB Group (LON:OSB) Insider Sells £314,956.36 in Stock

OSB Group Plc (LON:OSB) insider Andy Golding sold 55,646 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of GBX 566, for a total transaction of £314,956.36.

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

• On Tuesday, March 10th, Andy Golding sold 343,485 shares of OSB Group stock. The stock was sold at an average price of GBX 582, for a total transaction of £1,999,082.70.
• On Wednesday, March 11th, Andy Golding sold 74,699 shares of OSB Group stock. The shares were sold at an average price of GBX 574, for a total value 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 value of £252,374.26.

OSB Group Stock Performance

OSB opened at GBX 564.75 on Thursday. The stock’s 50 day moving average price is GBX 603.22 and its 200-day moving average price is GBX 580.10. OSB Group Plc has a one year low of GBX 360.60 and a one year high of GBX 647.50. The stock has a market cap of £1.99 billion, a price-to-earnings ratio of 8.21 and a beta of 1.07.

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

OSB Group announced that its board has authorized a share repurchase program on Thursday, March 5th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of OSB Group to a “hold” rating and boosted their target price for the company from GBX 650 to GBX 660 in a research note on Friday, January 23rd. Shore Capital Group reaffirmed a “buy” rating on shares of OSB Group in a research note on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.