Deutsche Bank Aktiengesellschaft Downgrades OSB Group (LON:OSB) to Hold

OSB Group (LON:OSB) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft to a “hold” rating in a report released on Friday, Marketbeat.com reports. They presently have a GBX 660 target price on the stock, up from their previous target price of GBX 650. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 5.60% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Shore Capital reissued a “buy” rating and set a GBX 665 price target on shares of OSB Group in a report on Friday, December 19th. Peel Hunt reissued a “hold” rating and set a GBX 564 target price on shares of OSB Group in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, OSB Group has an average rating of “Moderate Buy” and an average target price of GBX 631.

OSB Group Price Performance

Shares of OSB opened at GBX 625 on Friday. The company’s 50-day moving average is GBX 603.14 and its 200-day moving average is GBX 569.83. OSB Group has a fifty-two week low of GBX 360.60 and a fifty-two week high of GBX 647.50. The firm has a market capitalization of £2.22 billion, a PE ratio of 9.08 and a beta of 1.41.

About OSB Group

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.