On the Beach Group plc (LON:OTB – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 177.70 and traded as high as GBX 185.20. On the Beach Group shares last traded at GBX 185.20, with a volume of 782,137 shares traded.
Analyst Ratings Changes
A number of brokerages have weighed in on OTB. Shore Capital Group reiterated a “buy” rating and set a GBX 200 target price on shares of On the Beach Group in a research report on Thursday, September 24th. Berenberg Bank dropped their price target on On the Beach Group from GBX 280 to GBX 240 and set a “buy” rating for the company in a research report on Thursday, October 8th. Finally, Canaccord Genuity Group cut their price objective on On the Beach Group from GBX 240 to GBX 220 and set a “buy” rating for the company in a report on Friday, September 25th. Seven research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 273.43.
View Our Latest Report on On the Beach Group
On the Beach Group Stock Performance
The company has a market cap of £251.10 million, a price-to-earnings ratio of 15.07, a PEG ratio of 0.71 and a beta of 1.34. The firm’s 50 day simple moving average is GBX 175.41 and its 200-day simple moving average is GBX 177.29. The company has a debt-to-equity ratio of 23.85, a quick ratio of 0.83 and a current ratio of 1.21.
Insider Buying and Selling
In other news, insider Simon Cooper bought 500,000 shares of the stock in a transaction on Wednesday, October 7th. The stock was purchased at an average cost of GBX 174 per share, with a total value of £870,000. Insiders own 9.48% 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.
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