On the Beach Group (LON:OTB) Trading Up 14.6% After Analyst Upgrade

Shares of On the Beach Group plc (LON:OTB) were up 14.6% on Tuesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 320 to GBX 345. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. On the Beach Group traded as high as GBX 223.09 and last traded at GBX 220.65. Approximately 21,206,684 shares were traded during trading, an increase of 2,161% from the average daily volume of 937,965 shares. The stock had previously closed at GBX 192.60.

Several other research analysts have also commented on the company. Panmure Gordon reissued a “buy” rating and set a GBX 300 price objective on shares of On the Beach Group in a report on Monday, November 24th. Berenberg Bank dropped their target price on shares of On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Shore Capital reissued a “hold” rating on shares of On the Beach Group in a research note on Tuesday. Canaccord Genuity Group decreased their price target on shares of On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating on the stock in a report on Thursday, September 25th. Finally, Peel Hunt restated a “buy” rating and set a GBX 350 price objective on shares of On the Beach Group in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 303.

On the Beach Group Price Performance

The stock has a market capitalization of £313.67 million, a PE ratio of 22.99, a P/E/G ratio of 0.71 and a beta of 2.42. The firm’s 50 day simple moving average is GBX 210.81 and its 200 day simple moving average is GBX 252.29. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83.

On the Beach Group (LON:OTB) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 19 earnings per share (EPS) for the quarter. On the Beach Group had a net margin of 8.66% and a return on equity of 8.73%. As a group, equities analysts forecast that On the Beach Group plc will post 17.3349938 EPS for the current fiscal year.

About On the Beach Group

On the Beach is one of the UK’s largest online package holiday specialists with significant opportunities for growth. Founded in 2004 and listed on the London Stock Exchange in 2015, today over 1.7 million customers find, book and enjoy their perfect package holiday with us every single year.

Our innovative technology, low-cost base and strong customer-value proposition provides a structural challenge to legacy tour operators and online travel agents, as we continue disrupting the market.