On the Beach Group (LON:OTB) Stock Price Up 12.4% – Still a Buy?

Shares of On the Beach Group plc (LON:OTB) rose 12.4% on Tuesday . The stock traded as high as GBX 224 and last traded at GBX 216.50. Approximately 2,965,582 shares changed hands during mid-day trading, an increase of 245% from the average daily volume of 860,012 shares. The stock had previously closed at GBX 192.60.

Analyst Upgrades and Downgrades

OTB has been the subject of a number of recent research reports. Canaccord Genuity Group cut their price target on On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating for the company in a research note on Thursday, September 25th. Panmure Gordon restated a “buy” rating and issued a GBX 300 price objective on shares of On the Beach Group in a report on Monday, November 24th. Berenberg Bank reduced their target price on shares of 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, Shore Capital downgraded shares of On the Beach Group to a “hold” rating and decreased their target price for the stock from GBX 330 to GBX 230 in a research report on Tuesday, November 18th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 280.75.

On the Beach Group Stock Performance

The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.83 and a current ratio of 1.37. The stock’s 50-day simple moving average is GBX 210.65 and its two-hundred day simple moving average is GBX 252.56. The stock has a market cap of £321.08 million, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42.

On the Beach Group (LON:OTB) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 19 earnings per share (EPS) for the quarter. On the Beach Group had a return on equity of 8.73% and a net margin of 8.66%. Analysts forecast that On the Beach Group plc will post 17.3349938 earnings per share for the current year.

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.