OSB Group (LON:OSB) Reaches New 12-Month High – Here’s Why

OSB Group Plc (LON:OSB)’s share price hit a new 52-week high on Friday . The stock traded as high as GBX 647.50 and last traded at GBX 636.50, with a volume of 47883 shares. The stock had previously closed at GBX 637.50.

Analyst Ratings Changes

A number of brokerages have issued reports on OSB. Peel Hunt restated a “hold” rating and set a GBX 564 target price on shares of OSB Group in a research report on Thursday, November 13th. Shore Capital reiterated a “buy” rating and issued a GBX 665 price target on shares of OSB Group in a research note on Friday, December 19th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 621.33.

OSB Group Stock Performance

The business’s fifty day moving average is GBX 595.92 and its 200-day moving average is GBX 566.48. The firm has a market cap of £2.26 billion, a P/E ratio of 9.24 and a beta of 1.41.

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. The company also provides buy-to-let and specialist residential mortgages, mortgage servicing, administration and analytical, mortgage originator and servicer, and retail savings products; and back office processing services.