Berenberg Bank Has Lowered Expectations for On the Beach Group (LON:OTB) Stock Price

On the Beach Group (LON:OTB) had its price target lowered by equities researchers at Berenberg Bank from GBX 280 to GBX 240 in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 40.52% from the stock’s current price.

A number of other research analysts also recently commented on OTB. Canaccord Genuity Group reduced their target price on On the Beach Group from GBX 240 to GBX 220 and set a “buy” rating on the stock in a report on Friday, September 25th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 200 price objective on shares of On the Beach Group in a report on Thursday, September 24th. Seven research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, On the Beach Group currently has a consensus rating of “Buy” and an average price target of GBX 273.43.

On the Beach Group Stock Down 2.3%

LON:OTB opened at GBX 170.80 on Thursday. The company has a market capitalization of £241.22 million, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 0.71 and a beta of 1.30. On the Beach Group has a one year low of GBX 129.40 and a one year high of GBX 234. The stock has a 50-day simple moving average of GBX 181.98 and a 200 day simple moving average of GBX 171. The company has a debt-to-equity ratio of 23.85, a quick ratio of 0.83 and a current ratio of 1.21.

Insider Transactions at On the Beach Group

In other On the Beach Group news, insider Simon Cooper bought 500,000 shares of the business’s stock in a transaction on Wednesday, October 7th. The shares were purchased at an average price of GBX 174 per share, with a total value of £870,000. 9.48% of the stock is owned by corporate insiders.

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.