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OSB Group (LON:OSB) Share Price Passes Below 50-Day Moving Average - What's Next?

OSB Group logo with Financial Services background

OSB Group Plc (LON:OSB - Get Free Report)'s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 388.92 ($5.05) and traded as low as GBX 377.60 ($4.90). OSB Group shares last traded at GBX 379 ($4.92), with a volume of 708,120 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Shore Capital reiterated a "buy" rating on shares of OSB Group in a report on Thursday, August 15th. Berenberg Bank reduced their target price on shares of OSB Group from GBX 660 ($8.57) to GBX 580 ($7.53) and set a "buy" rating for the company in a report on Thursday, August 15th.

Get Our Latest Stock Analysis on OSB Group

OSB Group Stock Performance

The stock's 50 day simple moving average is GBX 388.92 and its 200-day simple moving average is GBX 428.35. The firm has a market cap of £1.41 billion, a price-to-earnings ratio of 390.83 and a beta of 1.41.

OSB Group Cuts Dividend

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

Insider Activity

In other OSB Group news, insider Victoria Hyde sold 647 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of GBX 369 ($4.79), for a total transaction of £2,387.43 ($3,099.75). In related news, insider Henry Daubeney bought 20,000 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average cost of GBX 382 ($4.96) per share, with a total value of £76,400 ($99,195.01). Also, insider Victoria Hyde sold 647 shares of OSB Group stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of GBX 369 ($4.79), for a total value of £2,387.43 ($3,099.75). Corporate insiders own 0.85% of the company's stock.

OSB Group Company Profile

(Get Free Report)

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.

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