On the Beach Group (LON:OTB) Stock Price Down 14.5% – Should You Sell?

Shares of On the Beach Group plc (LON:OTB) were down 14.5% on Tuesday . The stock traded as low as GBX 141 and last traded at GBX 145. Approximately 17,065,641 shares traded hands during mid-day trading, an increase of 1,086% from the average daily volume of 1,439,287 shares. The stock had previously closed at GBX 169.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group lowered their target price on On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating for the company in a report on Wednesday. Shore Capital Group reaffirmed a “hold” rating on shares of On the Beach Group in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating for the company in a research note on Wednesday. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 330 target price on shares of On the Beach Group in a research report on Monday, January 19th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, On the Beach Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 294.

On the Beach Group Price Performance

The firm has a market capitalization of £203.16 million, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 0.71 and a beta of 1.35. The business has a 50-day moving average of GBX 170.29 and a 200 day moving average of GBX 197.52. The company has a current ratio of 1.28, a quick ratio of 0.83 and a debt-to-equity ratio of 1.40.

On the Beach Group (LON:OTB) last announced its quarterly earnings results on Tuesday, May 12th. The company reported GBX 1.20 earnings per share (EPS) for the quarter. On the Beach Group had a return on equity of 5.43% and a net margin of 7.08%.The business had revenue of GBX 5,220 million for the quarter. On average, sell-side analysts predict that On the Beach Group plc will post 17.3349938 earnings per share for the current fiscal year.

Insider Transactions at On the Beach Group

In other On the Beach Group news, insider Shaun Morton purchased 991 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was acquired at an average price of GBX 185 per share, for a total transaction of £1,833.35. Insiders own 9.03% of the company’s stock.

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.