On the Beach Group plc (LON:OTB) Receives GBX 286.29 Consensus Target Price from Brokerages

Shares of On the Beach Group plc (LON:OTB) have received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 286.29.

Several brokerages recently issued reports on OTB. Deutsche Bank Aktiengesellschaft cut their target price on shares of On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Shore Capital Group reissued a “hold” rating on shares of On the Beach Group in a research report on Thursday, March 12th. Canaccord Genuity Group cut their price target on On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Berenberg Bank lowered their price objective on On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Royal Bank Of Canada dropped their target price on On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating on the stock in a report on Tuesday, May 19th.

Insiders Place Their Bets

In related news, insider Shaun Morton acquired 991 shares of the company’s stock in a transaction on Monday, April 20th. The shares were acquired at an average cost of GBX 185 per share, for a total transaction of £1,833.35. Company insiders own 9.03% of the company’s stock.

On the Beach Group Stock Performance

Shares of OTB stock opened at GBX 143 on Wednesday. The stock has a market capitalization of £207.21 million, a PE ratio of 9.47, a PEG ratio of 0.71 and a beta of 1.35. The business’s 50 day simple moving average is GBX 159.88 and its 200 day simple moving average is GBX 190.71. The company has a debt-to-equity ratio of 23.85, a current ratio of 1.21 and a quick ratio of 0.83. On the Beach Group has a one year low of GBX 129.40 and a one year high of GBX 304.50.

On the Beach Group (LON:OTB) last released 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 net margin of 3.11% and a return on equity of 2.40%. The firm had revenue of GBX 5,220 million during the quarter. As a group, research analysts forecast that On the Beach Group will post 17.3349938 earnings per share for the current year.

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.