OSB Group (LON:OSB) Share Price Crosses Below 200 Day Moving Average of $434.95

OSB Group Plc (LON:OSB) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 434.95 ($5.72) and traded as low as GBX 362.20 ($4.76). OSB Group shares last traded at GBX 373.69 ($4.91), with a volume of 2,235,111 shares traded.

Analysts Set New Price Targets

Several equities analysts have issued reports on OSB shares. Berenberg Bank cut their target price on OSB Group from GBX 660 ($8.68) to GBX 580 ($7.63) and set a “buy” rating on the stock in a research note on Thursday, August 15th. Shore Capital restated a “buy” rating on shares of OSB Group in a research note on Thursday, August 15th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 600 ($7.89) price target on shares of OSB Group in a research report on Thursday, June 13th.

OSB Group Stock Performance

The company has a market capitalization of £1.44 billion, a price-to-earnings ratio of 389.26 and a beta of 1.49. The business’s 50 day moving average is GBX 453.32 and its 200 day moving average is GBX 434.95.

OSB Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 22nd will be paid a GBX 10.70 ($0.14) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a yield of 2.21%. OSB Group’s dividend payout ratio (DPR) is 3,437.50%.

Insider Buying and Selling at OSB Group

In other news, insider Henry Daubeney acquired 20,000 shares of OSB Group stock in a transaction dated Monday, August 19th. The stock was purchased at an average cost of GBX 382 ($5.02) per share, for a total transaction of £76,400 ($100,460.22). Company insiders own 0.86% 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.