Share Repurchase Plan Authorized by OSB Group (LON:OSB)

OSB Group (LON:OSBGet Free Report) announced that its board has approved a stock buyback plan on Thursday, March 5th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

OSB Group Stock Up 1.2%

Shares of OSB Group stock opened at GBX 574.50 on Friday. The business has a fifty day simple moving average of GBX 615.93 and a 200 day simple moving average of GBX 578.64. The stock has a market cap of £2.04 billion, a PE ratio of 8.35 and a beta of 1.08. OSB Group has a 12 month low of GBX 360.60 and a 12 month high of GBX 647.50.

OSB Group (LON:OSBGet Free Report) last issued its earnings results on Thursday, March 5th. The company reported GBX 75.60 earnings per share (EPS) for the quarter. OSB Group had a return on equity of 12.35% and a net margin of 42.75%. Analysts expect that OSB Group will post 85.1214128 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OSB shares. Peel Hunt reaffirmed a “hold” rating and set a GBX 564 price target on shares of OSB Group in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft cut OSB Group to a “hold” rating and boosted their price objective for the stock from GBX 650 to GBX 660 in a report on Friday, January 23rd. Finally, Shore Capital Group reaffirmed a “buy” rating and issued a GBX 665 target price on shares of OSB Group in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, OSB Group has a consensus rating of “Moderate Buy” and an average price target of GBX 631.

View Our Latest Stock Report on OSB

Key Headlines Impacting OSB Group

Here are the key news stories impacting OSB Group this week:

OSB Group Company Profile

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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.

Further Reading

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