On the Beach Group (LON:OTB) Shares Up 12.4% After Analyst Upgrade

On the Beach Group plc (LON:OTB) shot up 12.4% during trading on Tuesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 320 to GBX 345. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. On the Beach Group traded as high as GBX 224 and last traded at GBX 216.50. 22,109,371 shares traded hands during trading, an increase of 2,248% from the average session volume of 941,823 shares. The stock had previously closed at GBX 192.60.

Other equities research analysts have also recently issued reports about the stock. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 300 target price on shares of On the Beach Group in a research report on Monday, November 24th. Canaccord Genuity Group lowered their price objective on shares of On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating for the company in a report on Thursday, September 25th. Shore Capital reiterated a “hold” rating on shares of On the Beach Group in a report on Tuesday. Berenberg Bank lowered their target price on On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Finally, Peel Hunt restated a “buy” rating and set a GBX 350 price target on shares of On the Beach Group in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 303.

On the Beach Group Trading Up 1.9%

The stock’s fifty day simple moving average is GBX 210.81 and its 200 day simple moving average is GBX 252.29. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of £315.89 million, a PE ratio of 23.15, a PEG ratio of 0.71 and a beta of 2.42.

On the Beach Group (LON:OTB) last announced its earnings results on Tuesday, December 2nd. The company reported GBX 19 EPS for the quarter. On the Beach Group had a return on equity of 8.73% and a net margin of 8.66%. On average, sell-side analysts predict that On the Beach Group plc 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.