On The Beach Group’s (OTB) “Buy” Rating Reaffirmed at Numis Securities
Numis Securities reiterated their buy rating on shares of On The Beach Group (LON:OTB) in a research note released on Thursday. The brokerage currently has a GBX 552 ($7.74) price objective on the stock.
Other equities research analysts have also issued reports about the company. Peel Hunt reissued a buy rating and issued a GBX 600 ($8.41) price target on shares of On The Beach Group in a research report on Thursday. Berenberg Bank increased their price target on On The Beach Group from GBX 470 ($6.59) to GBX 520 ($7.29) and gave the company a buy rating in a research report on Friday, November 10th.
Shares of On The Beach Group (OTB) opened at GBX 519 ($7.28) on Thursday. The company has a market capitalization of $676.96 and a price-to-earnings ratio of 3,707.14. On The Beach Group has a 12-month low of GBX 3.95 ($0.06) and a 12-month high of GBX 549 ($7.70).
The firm also recently announced a dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 11th will be given a dividend of GBX 1.90 ($0.03) per share. The ex-dividend date of this dividend is Thursday, January 11th. This is a positive change from On The Beach Group’s previous dividend of $0.90. This represents a dividend yield of 0.42%.
In other On The Beach Group news, insider Paul Meehan bought 22,222 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was purchased at an average cost of GBX 450 ($6.31) per share, with a total value of £99,999 ($140,211.72). Over the last ninety days, insiders have bought 22,269 shares of company stock valued at $10,020,355.
On The Beach Group Company Profile
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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