Insider Selling: OSB Group (LON:OSB) Insider Sells 55,646 Shares of Stock

OSB Group Plc (LON:OSB) insider Andy Golding sold 55,646 shares of OSB Group stock in a transaction on Friday, March 13th. The stock was sold at an average price of GBX 566, for a total transaction of £314,956.36.

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

• On Tuesday, March 10th, Andy Golding sold 343,485 shares of OSB Group stock. The shares were sold at an average price of GBX 582, for a total value of £1,999,082.70.
• On Wednesday, March 11th, Andy Golding sold 74,699 shares of OSB Group stock. The stock was 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 value of £252,374.26.

OSB Group Trading Down 0.1%

LON OSB opened at GBX 566.50 on Monday. The stock has a 50-day simple moving average of GBX 607.68 and a 200 day simple moving average of GBX 579.84. The company 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 12 month low of GBX 360.60 and a 12 month high of GBX 647.50.

OSB Group (LON:OSB) 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 13.26% and a net margin of 22.29%. As a group, sell-side analysts predict that OSB Group Plc will post 85.1214128 earnings per share for the current fiscal year.

OSB Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 5th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

OSB has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut shares of OSB Group to a “hold” rating and boosted their price objective 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 investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 631.

About OSB Group

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.