On the Beach Group (LON:OTB) Stock Price Up 12.4% Following Analyst Upgrade

Shares of On the Beach Group plc (LON:OTB) shot up 12.4% during mid-day trading on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 320 to GBX 345. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. On the Beach Group traded as high as GBX 224 and last traded at GBX 216.50. 2,965,582 shares changed hands during mid-day trading, an increase of 245% from the average session volume of 860,012 shares. The stock had previously closed at GBX 192.60.

A number of other equities research analysts also recently issued reports on the company. Canaccord Genuity Group cut their price target on On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating for the company in a research note on Thursday, September 25th. Shore Capital restated a “hold” rating on shares of On the Beach Group in a research report on Tuesday. Peel Hunt reaffirmed a “buy” rating and set a GBX 350 target price on shares of On the Beach Group in a report on Tuesday. Berenberg Bank decreased their price target on shares of 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. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 300 price objective on shares of On the Beach Group in a research report on Monday, November 24th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 303.

Insiders Place Their Bets

In other news, insider Zoe Harris purchased 10,357 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was acquired at an average cost of GBX 214 per share, for a total transaction of £22,163.98. Also, insider Simon Cooper acquired 13,338 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were purchased at an average price of GBX 214 per share, for a total transaction of £28,543.32. In the last 90 days, insiders have bought 32,012 shares of company stock worth $6,850,568. Company insiders own 8.80% of the company’s stock.

On the Beach Group Trading Up 0.5%

The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 1.53. The stock has a fifty day simple moving average of GBX 210.77 and a 200 day simple moving average of GBX 252.02. The firm has a market capitalization of £317.37 million, a P/E ratio of 23.26, a PEG ratio of 0.71 and a beta of 2.42.

On the Beach Group (LON:OTB) last released its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 19 earnings per share 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, research analysts forecast that On the Beach Group plc will post 17.3349938 EPS for the current year.

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.