On the Beach Group (LON:OTB) Trading Up 12.4% – Here’s Why

On the Beach Group plc (LON:OTB)’s share price traded up 12.4% during mid-day trading on Tuesday . The company traded as high as GBX 224 and last traded at GBX 216.50. 2,965,582 shares were traded during mid-day trading, an increase of 245% from the average session volume of 860,012 shares. The stock had previously closed at GBX 192.60.

Analysts Set New Price Targets

A number of research analysts recently commented on OTB shares. Berenberg Bank lowered their price objective on shares of On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Canaccord Genuity Group lowered their price target on 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. Panmure Gordon reissued a “buy” rating and issued a GBX 300 price objective on shares of On the Beach Group in a research note on Monday, November 24th. Finally, Shore Capital lowered On the Beach Group to a “hold” rating and lowered their target price for the stock from GBX 330 to GBX 230 in a report on Tuesday, November 18th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 280.75.

On the Beach Group Trading Up 12.4%

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 cap of £321.08 million, a price-to-earnings ratio of 23.53, a PEG ratio of 0.71 and a beta of 2.42. The company has a 50-day moving average price of GBX 210.65 and a 200 day moving average price of GBX 252.56.

On the Beach Group (LON:OTB) last issued its earnings results on Tuesday, December 2nd. The company reported GBX 19 earnings per share (EPS) for the quarter. On the Beach Group had a net margin of 8.66% and a return on equity of 8.73%. As a group, research analysts anticipate that On the Beach Group plc 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.