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

Shares of OSB Group Plc (LON:OSB) passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Analyst Ratings Changes

Several research firms have recently commented on OSB. Shore Capital reiterated a “buy” rating on shares of OSB Group in a research report on Thursday, August 15th. Berenberg Bank lowered their target price 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 research note on Thursday, August 15th.

OSB Group Trading Up 1.2 %

The company has a market capitalization of £1.41 billion, a PE ratio of 388.96 and a beta of 1.41. The company’s 50 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 Victoria Hyde sold 647 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of GBX 369 ($4.65), for a total value of £2,387.43 ($3,008.73). Also, insider Henry Daubeney bought 20,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was bought at an average price of GBX 382 ($4.81) per share, for a total transaction of £76,400 ($96,282.29). Company insiders own 0.85% of the company’s stock.

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.