OSB Group (LON:OSB) Share Price Passes Above 50 Day Moving Average – Should You Sell?

OSB Group Plc (LON:OSB)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 377.74 ($4.76) and traded as high as GBX 377.80 ($4.76). OSB Group shares last traded at GBX 373.40 ($4.71), with a volume of 472,588 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OSB shares. Berenberg Bank dropped their price target on OSB Group from GBX 660 ($8.32) to GBX 580 ($7.31) and set a “buy” rating on the stock in a research note on Thursday, August 15th. Shore Capital restated a “buy” rating on shares of OSB Group in a research note on Thursday, August 15th.

OSB Group Trading Up 1.2 %

The firm has a 50 day simple moving average of GBX 377.74 and a two-hundred day simple moving average of GBX 425.96. The company has a market capitalization of £1.41 billion, a PE ratio of 388.96 and a beta of 1.41.

Insider Buying and Selling at OSB Group

In related news, insider Victoria Hyde sold 647 shares of OSB Group stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of GBX 369 ($4.65), for a total value of £2,387.43 ($3,008.73). Also, insider Henry Daubeney purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average price of GBX 382 ($4.81) per share, for a total transaction of £76,400 ($96,282.29). Company insiders own 0.85% 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.