On the Beach Group plc (LON:OTB) Receives GBX 303 Average Target Price from Analysts

Shares of On the Beach Group plc (LON:OTB) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 303.

A number of analysts have issued reports on the stock. Peel Hunt reissued a “buy” rating and issued a GBX 350 price objective on shares of On the Beach Group in a report on Tuesday, December 2nd. 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. Shore Capital reissued a “hold” rating on shares of On the Beach Group in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on On the Beach Group from GBX 320 to GBX 345 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 300 target price on shares of On the Beach Group in a research report on Monday, November 24th.

Insider Buying and Selling

In other On the Beach Group news, insider Zoe Harris purchased 10,357 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was bought at an average price of GBX 214 per share, with a total value of £22,163.98. Also, insider Simon Cooper acquired 13,338 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average price of GBX 214 per share, with a total value of £28,543.32. Insiders bought 32,012 shares of company stock valued at $6,850,568 over the last quarter. 9.01% of the stock is owned by company insiders.

On the Beach Group Stock Up 2.0%

OTB stock opened at GBX 229.50 on Friday. On the Beach Group has a fifty-two week low of GBX 182 and a fifty-two week high of GBX 304.50. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83. The stock has a market capitalization of £332.56 million, a price-to-earnings ratio of 15.20, a PEG ratio of 0.71 and a beta of 2.42. The business’s fifty day moving average price is GBX 213.35 and its two-hundred day moving average price is GBX 246.94.

On the Beach Group (LON:OTB) last announced 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%. On average, equities analysts anticipate that On the Beach Group will post 17.3349938 earnings per share 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. Our model is customer-centric, asset light, profitable and cash generative.