OSB Group Plc (LON:OSB) Insider Victoria Hyde Sells 647 Shares

OSB Group Plc (LON:OSB) insider Victoria Hyde sold 647 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of GBX 369 ($4.83), for a total transaction of £2,387.43 ($3,122.05).

OSB Group Price Performance

LON OSB opened at GBX 372.40 ($4.87) on Wednesday. The company has a 50 day simple moving average of GBX 448.21 and a 200-day simple moving average of GBX 433.42. OSB Group Plc has a 52-week low of GBX 277.20 ($3.62) and a 52-week high of GBX 533.50 ($6.98). The firm has a market capitalization of £1.42 billion, a price-to-earnings ratio of 387.92 and a beta of 1.41.

OSB Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders 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 currently 3,437.50%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OSB. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 600 ($7.85) price target on shares of OSB Group in a research report on Thursday, June 13th. Berenberg Bank cut their target price on shares of OSB Group from GBX 660 ($8.63) to GBX 580 ($7.58) and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Shore Capital reaffirmed a “buy” rating on shares of OSB Group in a research report on Thursday, August 15th.

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.