On the Beach Group plc (LON:OTB) Receives Consensus Recommendation of “Buy” from Brokerages

On the Beach Group plc (LON:OTB) has been assigned an average recommendation of “Buy” from the seven analysts that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 283.43.

Several brokerages have weighed in on OTB. Berenberg Bank decreased their price objective on shares of On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating for the company in a report on Monday, May 18th. Canaccord Genuity Group cut their target price on shares of On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Royal Bank Of Canada reduced their price target on shares of On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating on the stock in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft decreased their price target on On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Finally, Shore Capital Group raised On the Beach Group to a “buy” rating and set a GBX 210 price objective for the company in a report on Tuesday, June 9th.

On the Beach Group Stock Up 1.2%

OTB stock opened at GBX 192.46 on Monday. On the Beach Group has a twelve month low of GBX 129.40 and a twelve month high of GBX 297. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 23.85. The company has a market capitalization of £277.03 million, a P/E ratio of 16.31, a PEG ratio of 0.71 and a beta of 1.29. The firm has a 50 day simple moving average of GBX 172.19 and a 200-day simple moving average of GBX 176.13.

On the Beach Group (LON:OTB) last issued its quarterly earnings results on Tuesday, May 12th. The company reported GBX 1.20 earnings per share (EPS) for the quarter. The business had revenue of GBX 5,220 million during the quarter. On the Beach Group had a net margin of 3.11% and a return on equity of 2.40%. On average, equities research analysts predict that On the Beach Group will post 17.3349938 earnings per share for the current fiscal 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.