OSB Group (LON:OSB) Insider Andy Golding Sells 74,699 Shares of Stock

OSB Group Plc (LON:OSB) insider Andy Golding sold 74,699 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of GBX 574, for a total value of £428,772.26.

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

• On Tuesday, March 10th, Andy Golding sold 343,485 shares of OSB Group stock. The stock was sold at an average price of GBX 582, for a total value of £1,999,082.70.
• 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 value of £252,374.26.

OSB Group Stock Performance

OSB Group stock opened at GBX 566.50 on Friday. OSB Group Plc 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 £2.00 billion, a price-to-earnings ratio of 8.23 and a beta of 1.07. The stock’s fifty day moving average is GBX 607.68 and its two-hundred day moving average is GBX 579.50.

OSB Group (LON:OSB) last released its quarterly 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 13.26% and a net margin of 22.29%. As a group, sell-side analysts forecast that OSB Group Plc will post 85.1214128 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of OSB Group to a “hold” rating and upped their price target for the company from GBX 650 to GBX 660 in a report on Friday, January 23rd. Shore Capital Group restated a “buy” rating on shares of OSB Group in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.