OSB Group (LON:OSB) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

OSB Group Plc (LON:OSB) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 377.74 ($4.76) and traded as high as GBX 377.80 ($4.76). OSB Group shares last traded at GBX 373.40 ($4.71), with a volume of 472,588 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Berenberg Bank decreased their price objective on shares of OSB Group from GBX 660 ($8.32) to GBX 580 ($7.31) and set a “buy” rating for the company in a report on Thursday, August 15th. Shore Capital reiterated a “buy” rating on shares of OSB Group in a report on Thursday, August 15th.

OSB Group Price Performance

The firm has a market capitalization of £1.41 billion, a P/E ratio of 388.96 and a beta of 1.41. The firm’s fifty day moving average price is GBX 377.74 and its 200-day moving average price is GBX 425.90.

Insider Activity at OSB Group

In other news, insider Henry Daubeney purchased 20,000 shares of OSB Group stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average price of GBX 382 ($4.81) per share, for a total transaction of £76,400 ($96,282.29). Also, insider Victoria Hyde sold 647 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of GBX 369 ($4.65), for a total transaction of £2,387.43 ($3,008.73). Company insiders own 0.85% of the company’s stock.

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.