OSB Group (LON:OSB) Shares Pass Below 200-Day Moving Average of $428.98

OSB Group Plc (LON:OSB - Get Free Report)'s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

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

OSB Group Trading Up 1.3 %

The stock has a 50 day simple moving average of GBX 426.18 and a 200 day simple moving average of GBX 428.68. The firm has a market capitalization of £1.47 billion, a PE ratio of 402.08 and a beta of 1.41.

OSB Group Cuts Dividend

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

Insiders Place Their Bets

In other OSB Group news, insider Henry Daubeney purchased 20,000 shares of the stock in a transaction on Monday, August 19th. The stock was acquired at an average price of GBX 382 ($5.12) per share, with a total value of £76,400 ($102,303.16). In related news, insider Henry Daubeney bought 20,000 shares of the company's stock in a transaction dated Monday, August 19th. The stock was purchased 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 the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of GBX 369 ($4.94), for a total transaction of £2,387.43 ($3,196.88). Insiders own 0.86% of the company's stock.

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.