OSB Group (LON:OSB) Shares Down 10.9% – What’s Next?

Shares of OSB Group Plc (LON:OSB) dropped 10.9% during trading on Thursday . The company traded as low as GBX 480.80 and last traded at GBX 507. Approximately 3,725,335 shares traded hands during trading, an increase of 6% from the average daily volume of 3,521,958 shares. The stock had previously closed at GBX 569.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “buy” rating and issued a GBX 680 price target 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 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 667.80.

OSB Group Trading Down 10.9%

The firm has a 50-day moving average price of GBX 535.11 and a 200-day moving average price of GBX 551.77. The company has a market capitalization of £1.73 billion, a price-to-earnings ratio of 6.89 and a beta of 1.05.

OSB Group (LON:OSB) last announced its quarterly earnings data on Thursday, August 6th. The company reported GBX 38.80 earnings per share for the quarter. OSB Group had a return on equity of 13.26% and a net margin of 22.29%. Equities research analysts predict that OSB Group Plc will post 85.1214128 EPS for the current fiscal year.

Insider Transactions at OSB Group

In other news, insider Victoria Hyde sold 5,132 shares of OSB Group 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 Andy Golding sold 11,127 shares of OSB Group stock in a transaction that occurred on 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 currently 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.