OSB Group (LON:OSB) Receives Buy Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of OSB Group (LON:OSB) in a research report sent to investors on Thursday morning, MarketBeat.com reports.

Separately, Jefferies Financial Group reissued a buy rating and issued a GBX 600 ($7.66) price target on shares of OSB Group in a research report on Thursday, June 13th.

OSB Group Price Performance

LON:OSB opened at GBX 386.80 ($4.94) on Thursday. The firm has a market capitalization of £1.49 billion, a P/E ratio of 595.08 and a beta of 1.49. OSB Group has a one year low of GBX 277.20 ($3.54) and a one year high of GBX 533.50 ($6.81). The company’s 50-day simple moving average is GBX 470.35 and its 200 day simple moving average is GBX 439.08.

OSB Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 22nd will be given a dividend of GBX 10.70 ($0.14) per share. This represents a yield of 2.21%. The ex-dividend date of this dividend is Thursday, August 22nd. OSB Group’s dividend payout ratio (DPR) is 4,923.08%.

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.