OSB Group (LON:OSB) Given “Outperform” Rating at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of OSB Group (LON:OSB) in a report issued on Thursday, Marketbeat.com reports. They currently have a GBX 800 price target on the stock.

A number of other brokerages also recently issued reports on OSB. Deutsche Bank Aktiengesellschaft downgraded shares of OSB Group to a “hold” rating and lifted their price target for the company from GBX 650 to GBX 660 in a report on Friday, January 23rd. Shore Capital Group reissued a “buy” rating on shares of OSB Group in a report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, OSB Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 664.80.

OSB Group Price Performance

OSB stock opened at GBX 527 on Thursday. OSB Group has a 1-year low of GBX 360.60 and a 1-year high of GBX 647.50. The business has a 50 day simple moving average of GBX 592.40 and a two-hundred day simple moving average of GBX 579.99. The company has a market capitalization of £1.86 billion, a price-to-earnings ratio of 7.66 and a beta of 1.07.

OSB Group (LON:OSB) last released its quarterly earnings data on Thursday, March 5th. The company reported GBX 75.60 earnings per share (EPS) for the quarter. OSB Group had a net margin of 22.29% and a return on equity of 13.26%. Sell-side analysts anticipate that OSB Group will post 85.1214128 EPS for the current fiscal year.

OSB Group declared that its board has approved a stock buyback plan on Thursday, March 5th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at OSB Group

In other news, insider Andy Golding sold 343,485 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of GBX 582, for a total value of £1,999,082.70. Over the last three months, insiders have sold 634,044 shares of company stock valued at $362,662,258. Company insiders own 0.49% 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. 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.