OSB Group (LON:OSB) Shares Pass Below 200-Day Moving Average – Time to Sell?

OSB Group Plc (LON:OSB) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 557.31 and traded as low as GBX 551. OSB Group shares last traded at GBX 561.50, with a volume of 604,572 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 800 price target on shares of OSB Group in a research note on Thursday, March 26th. Shore Capital Group reissued a “buy” rating and issued a GBX 680 price objective on shares of OSB Group in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 667.80.

OSB Group Stock Performance

The stock’s 50 day simple moving average is GBX 521.01 and its 200 day simple moving average is GBX 557.31. The firm has a market cap of £1.91 billion, a P/E ratio of 7.58 and a beta of 1.05.

Insider Transactions at OSB Group

In related news, insider Victoria Hyde sold 5,132 shares of the company’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. Also, insider Andy Golding sold 11,127 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of GBX 525, for a total transaction of £58,416.75. 0.39% of the stock is owned by company insiders.

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.