OSB Group (LON:OSB) Insider Andy Golding Sells 343,485 Shares of Stock

OSB Group Plc (LON:OSB) insider Andy Golding sold 343,485 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of GBX 582, for a total value of £1,999,082.70.

Andy Golding also recently made the following trade(s):

• On Wednesday, March 11th, Andy Golding sold 74,699 shares of OSB Group stock. The shares were sold at an average price of GBX 574, for a total value of £428,772.26.
• On Thursday, March 12th, Andy Golding sold 44,354 shares of OSB Group stock. The stock was sold at an average price of GBX 569, for a total transaction of £252,374.26.

OSB Group Price Performance

Shares of LON:OSB opened at GBX 566.50 on Friday. The firm has a market capitalization of £2.00 billion, a PE ratio of 8.23 and a beta of 1.07. OSB Group Plc has a 1 year low of GBX 360.60 and a 1 year high of GBX 647.50. The firm’s 50-day moving average is GBX 607.68 and its two-hundred day moving average is GBX 579.50.

OSB Group (LON:OSB) last announced its earnings results on Thursday, March 5th. The company reported GBX 75.60 earnings per share for the quarter. OSB Group had a net margin of 22.29% and a return on equity of 13.26%. Analysts expect that OSB Group Plc will post 85.1214128 EPS for the current fiscal year.

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

Analyst Ratings Changes

A number of research firms recently issued reports on OSB. Deutsche Bank Aktiengesellschaft lowered OSB Group to a “hold” rating and lifted their target price 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 research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, OSB Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 631.

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.