On the Beach Group (LON:OTB) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of On the Beach Group plc (LON:OTB) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 217.17 and traded as low as GBX 214.50. On the Beach Group shares last traded at GBX 218.02, with a volume of 7,762,459 shares.

Analyst Ratings Changes

Several research firms have commented on OTB. Berenberg Bank restated a “buy” rating and set a GBX 330 price objective on shares of On the Beach Group in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft raised their price target on On the Beach Group from GBX 320 to GBX 345 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Peel Hunt reiterated a “buy” rating and issued a GBX 350 price target on shares of On the Beach Group in a report on Tuesday, December 2nd. Panmure Gordon reaffirmed a “buy” rating and set a GBX 300 price objective on shares of On the Beach Group in a research note on Monday, November 24th. Finally, Shore Capital reissued a “hold” rating on shares of On the Beach Group in a research note on Tuesday, December 2nd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, On the Beach Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 308.

On the Beach Group Stock Performance

The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83. The stock has a market cap of £318.79 million, a PE ratio of 14.57, a PEG ratio of 0.71 and a beta of 2.42. The firm has a 50 day moving average of GBX 217.17 and a two-hundred day moving average of GBX 237.51.

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

Insider Transactions at On the Beach Group

In related news, insider Jon Wormald bought 8,317 shares of On the Beach Group stock in a transaction that occurred on Wednesday, December 3rd. The shares were purchased at an average price of GBX 214 per share, with a total value of £17,798.38. Also, insider Zoe Harris purchased 10,357 shares of the stock in a transaction on Wednesday, December 3rd. The stock was acquired at an average price of GBX 214 per share, with a total value of £22,163.98. Insiders have bought 32,012 shares of company stock valued at $6,850,568 in the last quarter. 9.01% of the stock is currently owned by corporate 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. Our model is customer-centric, asset light, profitable and cash generative.