OSB Group (LON:OSB) Given Buy Rating at Shore Capital Group

Shore Capital Group reiterated their buy rating on shares of OSB Group (LON:OSB) in a research report report published on Thursday, MarketBeat.com reports.

Other analysts have also issued research reports about the company. Peel Hunt reaffirmed a “hold” rating and issued a GBX 564 price target on shares of OSB Group in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft downgraded shares of OSB Group to a “hold” rating and boosted their target price for the company from GBX 650 to GBX 660 in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, OSB Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 631.

OSB Group Price Performance

LON:OSB opened at GBX 567 on Thursday. The firm has a market capitalization of £2.00 billion, a PE ratio of 8.24 and a beta of 1.07. OSB Group has a 12-month low of GBX 360.60 and a 12-month high of GBX 647.50. The firm has a 50-day moving average price of GBX 609.16 and a 200 day moving average price of GBX 579.43.

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

OSB Group declared that its Board of Directors has approved a stock repurchase program on Thursday, March 5th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.