On The Beach Group (OTB) Receives “Buy” Rating from Peel Hunt
Other equities analysts also recently issued research reports about the stock. Numis Securities restated a buy rating and set a GBX 552 ($7.38) price objective on shares of On The Beach Group in a research report on Monday, December 18th. Berenberg Bank increased their price target on shares of On The Beach Group from GBX 470 ($6.28) to GBX 520 ($6.95) 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 currently has a consensus rating of Buy and an average target price of GBX 476.80 ($6.38).
On The Beach Group (LON:OTB) opened at GBX 489.50 ($6.54) on Thursday. The company has a market cap of $651.39 and a price-to-earnings ratio of 3,496.43. On The Beach Group has a 12-month low of GBX 3.95 ($0.05) and a 12-month high of GBX 500 ($6.69).
On The Beach Group (LON:OTB) last announced its quarterly earnings data on Thursday, November 30th. The company reported GBX 17.60 ($0.24) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 17.50 ($0.23) by GBX 0.10 ($0.00). The company had revenue of GBX 8,356 million during the quarter. On The Beach Group had a net margin of 22.24% and a return on equity of 21.95%.
The business also recently declared a dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 11th will be issued a GBX 1.90 ($0.03) dividend. This represents a dividend 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 other news, insider Kirsteen Vickerstaff sold 7,021 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of GBX 427 ($5.71), for a total value of £29,979.67 ($40,085.13). Also, insider Paul Meehan purchased 22,222 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was bought at an average price of GBX 450 ($6.02) per share, with a total value of £99,999 ($133,706.38). Insiders bought a total of 22,270 shares of company stock valued at $10,019,938 in the last quarter.
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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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