On the Beach Group (LON:OTB) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

On the Beach Group plc (LON:OTB)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 194.88 and traded as low as GBX 159.40. On the Beach Group shares last traded at GBX 160.80, with a volume of 295,691 shares traded.

Analyst Ratings Changes

A number of analysts recently weighed in on OTB shares. Berenberg Bank reissued a “buy” rating and issued a GBX 330 target price on shares of On the Beach Group in a research note on Monday, January 19th. Peel Hunt restated a “buy” rating and set a GBX 350 price target on shares of On the Beach Group in a research note on Tuesday, December 2nd. 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 report on Tuesday, December 2nd. Finally, Shore Capital Group reiterated a “hold” rating on shares of On the Beach Group in a research note on Thursday, March 12th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock 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 quick ratio of 0.83, a current ratio of 1.28 and a debt-to-equity ratio of 1.40. The stock has a fifty day simple moving average of GBX 194.88 and a 200-day simple moving average of GBX 211.72. The company has a market capitalization of £233.01 million, a P/E ratio of 10.65, a PEG ratio of 0.71 and a beta of 1.30.

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.