OSB Group (LON:OSB) Shares Cross Below Two Hundred Day Moving Average of $428.98

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 428.98 ($5.74) and traded as low as GBX 380.60 ($5.10). OSB Group shares last traded at GBX 381.20 ($5.10), with a volume of 669,517 shares changing hands.

Analyst Ratings Changes

OSB has been the topic of several recent research reports. Berenberg Bank cut their target price on shares of OSB Group from GBX 660 ($8.84) to GBX 580 ($7.77) and set a “buy” rating on the stock in a research report on Thursday, August 15th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 600 ($8.03) price target on shares of OSB Group in a report on Thursday, June 13th. Finally, Shore Capital restated a “buy” rating on shares of OSB Group in a report on Thursday, August 15th.

OSB Group Stock Performance

The stock has a market cap of £1.49 billion, a P/E ratio of 407.29 and a beta of 1.41. The firm’s fifty day simple moving average is GBX 424.30 and its 200-day simple moving average is GBX 428.42.

OSB Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 22nd were issued a dividend of GBX 10.70 ($0.14) per share. This represents a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, August 22nd. OSB Group’s payout ratio is 3,437.50%.

Insider Activity

In other OSB Group news, insider Henry Daubeney bought 20,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was bought at an average cost of GBX 382 ($5.12) per share, with a total value of £76,400 ($102,303.16). In other OSB Group news, insider Henry Daubeney bought 20,000 shares of OSB Group stock in a transaction dated Monday, August 19th. The stock was bought at an average cost of GBX 382 ($5.12) per share, with a total value of £76,400 ($102,303.16). Also, insider Victoria Hyde sold 647 shares of OSB Group stock in a transaction on Monday, September 9th. The stock was sold at an average price of GBX 369 ($4.94), for a total value of £2,387.43 ($3,196.88). 0.86% of the stock is currently owned by company insiders.

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.