On the Beach Group (LON:OTB) Price Target Lowered to GBX 300 at Berenberg Bank

On the Beach Group (LON:OTB) had its price target decreased by equities researchers at Berenberg Bank from GBX 330 to GBX 300 in a report released on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 43.20% from the stock’s previous close.

A number of other analysts have also recently issued reports on OTB. Canaccord Genuity Group cut their price objective on shares of On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Shore Capital reaffirmed a “buy” rating on shares of On the Beach Group in a research note on Wednesday, September 24th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 296.50.

On the Beach Group Trading Down 1.6%

LON:OTB traded down GBX 3.50 during trading hours on Tuesday, hitting GBX 209.50. 4,404,071 shares of the stock were exchanged, compared to its average volume of 841,595. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 1.53. On the Beach Group has a twelve month low of GBX 152 and a twelve month high of GBX 304.50. The company has a market capitalization of £310.70 million, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The company’s 50 day moving average is GBX 231.41 and its two-hundred day moving average is GBX 259.86.

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.