On the Beach Group (LON:OTB) Share Price Passes Above 50 Day Moving Average – What’s Next?

On the Beach Group plc (LON:OTB)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 211.18 and traded as high as GBX 230.25. On the Beach Group shares last traded at GBX 225, with a volume of 1,560,528 shares changing hands.

Analyst Ratings Changes

Several brokerages have commented on OTB. Berenberg Bank decreased their price objective on shares of On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating for the company in a report on Tuesday, November 11th. 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 for the company in a research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on On the Beach Group from GBX 320 to GBX 345 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Panmure Gordon reiterated a “buy” rating and set a GBX 300 target price on shares of On the Beach Group in a report on Monday, November 24th. Finally, Shore Capital restated a “hold” rating on shares of On the Beach Group in a research note on Tuesday, December 2nd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 303.

On the Beach Group Stock Performance

The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.83 and a current ratio of 1.37. The business’s 50-day moving average is GBX 211.18 and its 200-day moving average is GBX 250.62. The company has a market capitalization of £326.04 million, a PE ratio of 14.90, a PEG ratio of 0.71 and a beta of 2.42.

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

Insider Transactions at On the Beach Group

In other news, insider Jon Wormald purchased 8,317 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were bought at an average price of GBX 214 per share, for a total transaction of £17,798.38. Also, insider Zoe Harris acquired 10,357 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were purchased at an average cost of GBX 214 per share, for a total transaction of £22,163.98. Insiders purchased a total of 32,012 shares of company stock valued at $6,850,568 in the last quarter. 9.01% of the stock is owned by insiders.

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.