On The Beach Group PLC (OTB) Plans Dividend of GBX 1.90

On The Beach Group PLC (LON:OTB) declared a dividend on Thursday, November 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, January 11th will be given a dividend of GBX 1.90 ($0.03) per share on Thursday, February 15th. This represents a dividend yield of 0.42%. The ex-dividend date is Thursday, January 11th. This is a boost from On The Beach Group’s previous dividend of $0.90. The official announcement can be seen at this link.

On The Beach Group (LON OTB) opened at GBX 481 ($6.52) on Wednesday. The company has a market capitalization of $639.13 and a P/E ratio of 3,435.71. On The Beach Group has a one year low of GBX 3.95 ($0.05) and a one year high of GBX 500 ($6.78).

On The Beach Group (LON:OTB) last released its earnings results on Thursday, November 30th. The company reported GBX 17.60 ($0.24) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 17.50 ($0.24) by GBX 0.10 ($0.00). The company had revenue of GBX 8,356 million during the quarter. On The Beach Group had a return on equity of 21.95% and a net margin of 22.24%.

In other news, insider Paul Meehan purchased 22,222 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were acquired at an average cost of GBX 450 ($6.10) per share, with a total value of £99,999 ($135,610.25). Also, insider Kirsteen Vickerstaff sold 7,021 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of GBX 427 ($5.79), for a total value of £29,979.67 ($40,655.91). Over the last quarter, insiders have bought 22,270 shares of company stock valued at $10,019,938.

OTB has been the subject of several research analyst reports. Peel Hunt reiterated a “buy” rating and set a GBX 500 ($6.78) target price on shares of On The Beach Group in a research note on Thursday, January 4th. Numis Securities reiterated a “buy” rating and set a GBX 552 ($7.49) target price on shares of On The Beach Group in a research note on Monday, December 18th. Finally, Berenberg Bank increased their target price on On The Beach Group from GBX 470 ($6.37) to GBX 520 ($7.05) and gave the company a “buy” rating in a research note on Friday, November 10th. Five investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of GBX 476.80 ($6.47).

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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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