OSB Group (LON:OSB) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

OSB Group Plc (LON:OSB)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 427.19 ($5.59) and traded as low as GBX 384.40 ($5.03). OSB Group shares last traded at GBX 385.60 ($5.05), with a volume of 566,637 shares.

Analyst Upgrades and Downgrades

OSB has been the subject of several analyst reports. Berenberg Bank dropped their target price on shares of OSB Group from GBX 660 ($8.64) to GBX 580 ($7.59) and set a “buy” rating for the company in a research report on Thursday, August 15th. Shore Capital reissued a “buy” rating on shares of OSB Group in a research note on Thursday, August 15th.

OSB Group Price Performance

The stock has a market cap of £1.46 billion, a P/E ratio of 401.67 and a beta of 1.41. The stock has a 50-day simple moving average of GBX 400.51 and a 200-day simple moving average of GBX 427.19.

OSB Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 22nd were given a dividend of GBX 10.70 ($0.14) per share. This represents a yield of 2.21%. The ex-dividend date of this dividend was Thursday, August 22nd. OSB Group’s dividend payout ratio 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 that occurred on Monday, August 19th. The shares were acquired at an average price of GBX 382 ($5.00) per share, for a total transaction of £76,400 ($99,986.91). In other OSB Group news, insider Henry Daubeney bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of GBX 382 ($5.00) per share, for a total transaction of £76,400 ($99,986.91). 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 ($4.83), for a total transaction of £2,387.43 ($3,124.50). 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.