OSB Group (LON:OSB) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of OSB Group Plc (LON:OSBGet Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 552.92 and traded as high as GBX 572.50. OSB Group shares last traded at GBX 565.97, with a volume of 860,675 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Shore Capital reissued a “buy” rating and issued a GBX 665 target price on shares of OSB Group in a research report on Wednesday, November 19th. Jefferies Financial Group lifted their target price on OSB Group from GBX 565 to GBX 635 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Peel Hunt restated a “hold” rating and set a GBX 564 price objective on shares of OSB Group in a research note on Thursday, November 13th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 621.33.

Read Our Latest Analysis on OSB

OSB Group Trading Up 0.7%

The company’s 50-day moving average is GBX 552.92 and its two-hundred day moving average is GBX 539.60. The stock has a market capitalization of £2.04 billion, a P/E ratio of 8.28 and a beta of 1.41.

Insider Buying and Selling at OSB Group

In other news, insider Victoria Hyde sold 645 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of GBX 539, for a total transaction of £3,476.55. Company insiders own 0.49% of the company’s stock.

About OSB Group

(Get Free Report)

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.

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