OSB Group (LON:OSB) Stock Crosses Below 200-Day Moving Average of $432.23

OSB Group Plc (LON:OSB)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 432.23 ($5.71) and traded as low as GBX 380 ($5.02). OSB Group shares last traded at GBX 380 ($5.02), with a volume of 1,141,394 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OSB. Berenberg Bank reduced their target price on shares of OSB Group from GBX 660 ($8.72) to GBX 580 ($7.66) and set a “buy” rating on the stock in a report on Thursday, August 15th. Shore Capital reissued a “buy” rating on shares of OSB Group in a research note on Thursday, August 15th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 600 ($7.93) target price on shares of OSB Group in a research report on Thursday, June 13th.

OSB Group Price Performance

The company has a 50-day moving average of GBX 442.07 and a two-hundred day moving average of GBX 432.23. The stock has a market capitalization of £1.44 billion, a PE ratio of 395.78 and a beta of 1.41.

OSB Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 22nd will be issued a dividend of GBX 10.70 ($0.14) per share. The ex-dividend date is Thursday, August 22nd. This represents a dividend yield of 2.21%. OSB Group’s payout ratio is currently 3,437.50%.

Insider Activity at OSB Group

In other news, insider Victoria Hyde sold 647 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of GBX 369 ($4.87), for a total transaction of £2,387.43 ($3,153.80). In other OSB Group news, insider Henry Daubeney purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average price of GBX 382 ($5.05) per share, for a total transaction of £76,400 ($100,924.70). Also, insider Victoria Hyde sold 647 shares of OSB Group stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of GBX 369 ($4.87), for a total transaction of £2,387.43 ($3,153.80). 0.86% of the stock is owned by 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.