Royal Bank Of Canada Cuts On the Beach Group (LON:OTB) Price Target to GBX 290

On the Beach Group (LON:OTB) had its price objective dropped by equities researchers at Royal Bank Of Canada from GBX 305 to GBX 290 in a research note issued on Tuesday,Digital Look reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 112.61% from the company’s current price.

Several other analysts also recently weighed in on OTB. Shore Capital Group restated a “hold” rating on shares of On the Beach Group in a research report on Thursday, March 12th. Berenberg Bank dropped their price objective on On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft dropped their price objective on On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Finally, Canaccord Genuity Group dropped their price objective on On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 286.29.

On the Beach Group Price Performance

Shares of LON:OTB opened at GBX 136.40 on Tuesday. The firm has a 50 day moving average of GBX 167.03 and a 200-day moving average of GBX 195.80. The stock has a market capitalization of £197.65 million, a PE ratio of 9.03, a PEG ratio of 0.71 and a beta of 1.35. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 23.85. On the Beach Group has a 12 month low of GBX 129.40 and a 12 month high of GBX 304.50.

On the Beach Group (LON:OTB) last issued its earnings results on Tuesday, May 12th. The company reported GBX 1.20 EPS for the quarter. The company had revenue of GBX 5,220 million during the quarter. On the Beach Group had a net margin of 3.11% and a return on equity of 2.40%. On average, equities research analysts predict that On the Beach Group will post 17.3349938 EPS for the current fiscal year.

Insider Transactions at On the Beach Group

In related news, insider Shaun Morton acquired 991 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was acquired at an average cost of GBX 185 per share, for a total transaction of £1,833.35. 9.03% of the stock is currently owned by corporate insiders.

On the Beach Group Company Profile

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.