OSB Group (LON:OSB) Rating Reiterated by Shore Capital

Posted by Defense World Staff on May 9th, 2024

Shore Capital restated their buy rating on shares of OSB Group (LON:OSB – Free Report) in a report released on Wednesday morning, Marketbeat reports.

OSB Group Trading Down 0.5 %

OSB stock opened at GBX 449.40 ($5.65) on Wednesday. OSB Group has a 52 week low of GBX 277.20 ($3.48) and a 52 week high of GBX 539 ($6.77). The company has a market capitalization of £1.75 billion, a price-to-earnings ratio of 694.77 and a beta of 1.41. The firm’s 50-day moving average is GBX 400.85 and its two-hundred day moving average is GBX 401.90.

OSB Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Thursday, April 4th will be paid a GBX 21.80 ($0.27) dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 4.73%. This is a boost from OSB Group’s previous dividend of $10.20. OSB Group’s payout ratio is currently 4,923.08%.

Insider Buying and Selling at OSB Group

In other OSB Group news, insider April Talintyre sold 18,415 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of GBX 379 ($4.76), for a total transaction of £69,792.85 ($87,679.46). In other news, insider Andy Golding sold 27,324 shares of OSB Group stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of GBX 378 ($4.75), for a total transaction of £103,284.72 ($129,754.67). Also, insider April Talintyre sold 18,415 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 379 ($4.76), for a total transaction of £69,792.85 ($87,679.46). 1.18% of the stock is owned by corporate insiders.

OSB Group Company Profile

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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.