Berenberg Bank Issues Pessimistic Forecast for On the Beach Group (LON:OTB) Stock Price

On the Beach Group (LON:OTB) had its price objective dropped by research analysts at Berenberg Bank from GBX 330 to GBX 280 in a research report issued on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 115.72% from the stock’s current price.

Several other analysts also recently weighed in on the company. Shore Capital Group reiterated a “hold” rating on shares of On the Beach Group in a research report on Thursday, March 12th. Canaccord Genuity Group lowered their price objective on On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 285.67.

On the Beach Group Stock Performance

Shares of OTB stock opened at GBX 129.80 on Monday. The company has a debt-to-equity ratio of 23.85, a quick ratio of 0.83 and a current ratio of 1.21. On the Beach Group has a fifty-two week low of GBX 129.60 and a fifty-two week high of GBX 304.50. The stock has a 50 day moving average price of GBX 168.31 and a two-hundred day moving average price of GBX 196.41. The company has a market capitalization of £188.09 million, a P/E ratio of 8.60, a PEG ratio of 0.71 and a beta of 1.35.

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

Insider Activity at On the Beach Group

In other On the Beach Group news, insider Shaun Morton bought 991 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was bought at an average price of GBX 185 per share, for a total transaction of £1,833.35. 9.03% of the stock is currently owned by corporate 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.