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

Shares of On the Beach Group plc (LON:OTB) shot up 12.4% on Tuesday . The stock 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.

Wall Street Analysts Forecast Growth

OTB has been the subject of several recent research reports. Panmure Gordon reissued a “buy” rating and issued a GBX 300 price target on shares of On the Beach Group in a research note on Monday, November 24th. Canaccord Genuity Group decreased their target price on shares of On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating for the company in a research report on Thursday, September 25th. Berenberg Bank cut their price target on shares of On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Finally, Shore Capital cut shares of On the Beach Group to a “hold” rating and decreased their price objective for the stock from GBX 330 to GBX 230 in a report on Tuesday, November 18th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, On the Beach Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 280.75.

On the Beach Group Stock Up 12.4%

The stock has a market cap of £321.08 million, a P/E ratio of 23.53, a P/E/G ratio of 0.71 and a beta of 2.42. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 1.53. The firm’s fifty day moving average is GBX 210.65 and its 200 day moving average is GBX 252.56.

On the Beach Group (LON:OTB) last posted its quarterly earnings data 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%. As a group, equities research analysts forecast that On the Beach Group plc will post 17.3349938 EPS 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.