On the Beach Group (LON:OTB) Hits New 52-Week Low – Should You Sell?

On the Beach Group plc (LON:OTB)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 161.38 and last traded at GBX 162.72, with a volume of 3216075 shares traded. The stock had previously closed at GBX 167.

Analyst Ratings Changes

OTB has been the topic of several research analyst reports. Panmure Gordon reissued a “buy” rating and issued a GBX 300 target price on shares of On the Beach Group in a research report on Monday, November 24th. 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. Shore Capital Group reaffirmed a “hold” rating on shares of On the Beach Group in a research report on Thursday. Peel Hunt reissued a “buy” rating and set a GBX 350 price target on shares of On the Beach Group in a research report on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective 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. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, On the Beach Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 308.

On the Beach Group Stock Performance

The stock has a 50 day simple moving average of GBX 207.21 and a 200 day simple moving average of GBX 221.23. The company has a quick ratio of 0.83, a current ratio of 1.28 and a debt-to-equity ratio of 1.40. The company has a market cap of £235.78 million, a price-to-earnings ratio of 10.78, a PEG ratio of 0.71 and a beta of 1.30.

On the Beach Group Company Profile

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.