On the Beach Group (LON:OTB) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

On the Beach Group plc (LON:OTB) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 159.14 and traded as low as GBX 141.40. On the Beach Group shares last traded at GBX 142.80, with a volume of 410,639 shares changing hands.

Analyst Ratings Changes

A number of research firms recently commented on OTB. Royal Bank Of Canada dropped their price objective on On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating for the company in a report on Tuesday, May 19th. Berenberg Bank lowered their price target on On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating for the company in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft lowered their price target on On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating for the company in a report on Wednesday, May 13th. Canaccord Genuity Group lowered their price target on On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating for the company in a report on Wednesday, May 13th. Finally, Shore Capital Group restated a “hold” rating on shares of On the Beach Group in a report on Thursday, March 12th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 286.29.

On the Beach Group Stock Down 1.0%

The firm has a fifty day simple moving average of GBX 158.38 and a 200-day simple moving average of GBX 189.04. The company has a market capitalization of £209.53 million, a P/E ratio of 12.25, a P/E/G ratio of 0.71 and a beta of 1.34. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 23.85.

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

Insider Activity

In other news, insider Shaun Morton acquired 991 shares of the firm’s 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. Insiders own 9.03% of the company’s stock.

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. Our model is customer-centric, asset light, profitable and cash generative.