On the Beach Group (OTB) Given Buy Rating at Numis Securities
Numis Securities reissued their buy rating on shares of On the Beach Group (LON:OTB) in a research report released on Monday morning. The firm currently has a GBX 552 ($7.43) price objective on the stock.
A number of other research analysts also recently commented on the company. Peel Hunt reiterated a buy rating and issued a GBX 500 ($6.73) price objective on shares of On the Beach Group in a report on Monday, October 16th. Berenberg Bank increased their price objective on On the Beach Group from GBX 470 ($6.33) to GBX 520 ($7.00) and gave the company a buy rating in a report on Friday, November 10th. Five equities research analysts have rated the stock with a buy rating, On the Beach Group presently has an average rating of Buy and an average price target of GBX 476.80 ($6.42).
On the Beach Group (LON OTB) opened at GBX 450 ($6.06) on Monday. On the Beach Group has a 1-year low of GBX 3.95 ($0.05) and a 1-year high of GBX 482.50 ($6.49).
The company also recently declared a dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 11th will be paid a dividend of GBX 1.90 ($0.03) per share. This represents a yield of 0.42%. The ex-dividend date is Thursday, January 11th. This is an increase from On the Beach Group’s previous dividend of $0.90.
In related news, insider Kirsteen Vickerstaff sold 7,021 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of GBX 427 ($5.75), for a total transaction of £29,979.67 ($40,349.49). Insiders have purchased a total of 72 shares of company stock worth $30,070 in the last 90 days.
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About On the Beach Group
On the Beach Group plc is a United Kingdom-based online travel agent. The Company operates in two segments: Core and International. The Company’s core segment conducts its activity through the United Kingdom Website (UK). The Company’s international segment conducts its activity through Swedish Website (eBeach.se).
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