OSB Group (LON:OSB) Shares Cross Above 50-Day Moving Average – Time to Sell?

OSB Group Plc (LON:OSB) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 476.98 ($6.41) and traded as high as GBX 508 ($6.83). OSB Group shares last traded at GBX 496 ($6.67), with a volume of 2,766,021 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of OSB Group in a research note on Wednesday, April 30th.

OSB Group Stock Up 0.6%

The company has a market capitalization of £1.83 billion, a price-to-earnings ratio of 4.94 and a beta of 1.41. The company’s 50 day simple moving average is GBX 476.98 and its two-hundred day simple moving average is GBX 435.97.

Insider Buying and Selling at OSB Group

In other news, insider Andy Golding sold 5,399 shares of OSB Group stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of GBX 449 ($6.04), for a total transaction of £24,241.51 ($32,600.20). Insiders sold a total of 269,126 shares of company stock worth $129,375,868 over the last three months. Corporate insiders own 0.85% of the company’s stock.

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.