OSB Group (LON:OSB) Earns Overweight Rating from Barclays

OSB Group (LON:OSB – Get Rating)‘s stock had its “overweight” rating restated by investment analysts at Barclays in a report issued on Wednesday, Marketbeat.com reports. They presently have a GBX 755 ($9.43) price target on the stock. Barclays‘s price target points to a potential upside of 33.87% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Liberum Capital increased their target price on OSB Group from GBX 645 ($8.06) to GBX 790 ($9.87) and gave the stock a “buy” rating in a report on Friday, April 1st. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 650 ($8.12) price objective on shares of OSB Group in a research note on Thursday, March 24th. Finally, Shore Capital restated a “buy” rating on shares of OSB Group in a research note on Thursday, March 17th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 725.40 ($9.06).

LON:OSB opened at GBX 564 ($7.05) on Wednesday. The firm has a market capitalization of £2.52 billion and a PE ratio of 7.53. OSB Group has a 12-month low of GBX 407 ($5.08) and a 12-month high of GBX 608.50 ($7.60). The firm has a 50-day moving average price of GBX 540.72 and a 200 day moving average price of GBX 533.03.

In related news, insider April Talintyre sold 150,000 shares of OSB Group stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of GBX 605 ($7.56), for a total value of £907,500 ($1,133,666.46).

OSB Group Company Profile (Get Rating)

OSB Group Plc, through its subsidiaries, operates as a specialist 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, bespoke and specialist residential lending, secured funding, and asset finance services.

See Also