On the Beach Group (LON:OTB) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

On the Beach Group plc (LON:OTB)’s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 176.50 and traded as high as GBX 181.40. On the Beach Group shares last traded at GBX 176.80, with a volume of 1,789,019 shares traded.

Wall Street Analyst Weigh In

Several research analysts have commented on OTB shares. Canaccord Genuity Group cut their target price on On the Beach Group from GBX 240 to GBX 220 and set a “buy” rating for the company in a research note on Friday, September 25th. Berenberg Bank decreased their price target on On the Beach Group from GBX 280 to GBX 240 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Finally, Shore Capital Group reissued a “buy” rating and issued a GBX 200 price target on shares of On the Beach Group in a report on Thursday, September 24th. Seven research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 273.43.

On the Beach Group Trading Up 0.2%

The stock has a fifty day moving average of GBX 173.89 and a two-hundred day moving average of GBX 176.50. The company has a market capitalization of £246.74 million, a PE ratio of 15.02, a PEG ratio of 0.71 and a beta of 1.34. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 23.85.

Insider Activity at On the Beach Group

In other news, insider Simon Cooper acquired 500,000 shares of the stock in a transaction dated Wednesday, October 7th. The stock was purchased at an average cost of GBX 174 per share, with a total value of £870,000. 9.26% of the stock is currently owned by insiders.

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.