On the Beach Group (LON:OTB) Trading Up 14.4% – What’s Next?

On the Beach Group plc (LON:OTB)’s stock price traded up 14.4% on Tuesday . The stock traded as high as GBX 224 and last traded at GBX 220.42. 21,986,396 shares were traded during mid-day trading, an increase of 2,236% from the average session volume of 941,297 shares. The stock had previously closed at GBX 192.60.

Analyst Upgrades and Downgrades

OTB has been the subject of several research reports. Berenberg Bank decreased their price objective on shares of On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating for the company in a report on Tuesday, November 11th. Panmure Gordon reiterated a “buy” rating and set a GBX 300 target price on shares of On the Beach Group in a report on Monday, November 24th. Canaccord Genuity Group dropped their price target on On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Finally, Shore Capital downgraded On the Beach Group to a “hold” rating and decreased their price objective for the stock from GBX 330 to GBX 230 in a report on Tuesday, November 18th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 280.75.

On the Beach Group Stock Up 11.9%

The company has a market cap of £319.60 million, a P/E ratio of 23.42, a P/E/G ratio of 0.71 and a beta of 2.42. 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 company’s 50-day moving average is GBX 211.47 and its two-hundred day moving average is GBX 252.80.

On the Beach Group (LON:OTB) last posted its earnings results on Tuesday, December 2nd. The company reported GBX 19 EPS for the quarter. On the Beach Group had a return on equity of 8.73% and a net margin of 8.66%. As a group, equities analysts predict that On the Beach Group plc will post 17.3349938 earnings per share for the current fiscal 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.