On the Beach Group (LON:OTB) Trading Up 13.2% – Still a Buy?

On the Beach Group plc (LON:OTB)’s stock price traded up 13.2% during mid-day trading on Tuesday . The company traded as high as GBX 224 and last traded at GBX 218. 21,754,217 shares traded hands during trading, an increase of 2,214% from the average session volume of 940,305 shares. The stock had previously closed at GBX 192.60.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on OTB shares. Berenberg Bank dropped their target price on On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Canaccord Genuity Group lowered their price objective on shares of On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating on the stock in a report on Thursday, September 25th. Shore Capital cut shares of On the Beach Group to a “hold” rating and reduced their target price for the stock from GBX 330 to GBX 230 in a report on Tuesday, November 18th. Finally, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 300 target price on shares of On the Beach Group in a research report on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 280.75.

On the Beach Group Stock Performance

The stock has a market capitalization of £322.79 million, a P/E ratio of 23.66, a P/E/G ratio of 0.71 and a beta of 2.42. The stock has a 50 day simple moving average of GBX 211.47 and a two-hundred day simple moving average of GBX 252.80. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 1.53.

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.