On the Beach Group plc (LON:OTB) Receives Consensus Rating of “Buy” from Analysts

On the Beach Group plc (LON:OTB) has been assigned an average rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 283.43.

A number of brokerages have recently commented on OTB. Deutsche Bank Aktiengesellschaft cut their target price on shares of On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Royal Bank Of Canada cut their target price on shares of On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating on the stock in a report on Tuesday, May 19th. Canaccord Genuity Group cut their target price on shares of On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Shore Capital Group raised shares of On the Beach Group to a “buy” rating and set a GBX 210 price objective on the stock in a research note on Tuesday, June 9th. Finally, Berenberg Bank dropped their price objective on shares of On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating on the stock in a research note on Monday, May 18th.

On the Beach Group Stock Performance

Shares of On the Beach Group stock opened at GBX 168 on Friday. The firm’s fifty day simple moving average is GBX 158.68 and its 200-day simple moving average is GBX 187.22. The stock has a market capitalization of £243.44 million, a price-to-earnings ratio of 14.24, a PEG ratio of 0.71 and a beta of 1.34. On the Beach Group has a 12 month low of GBX 129.40 and a 12 month high of GBX 304.50. The company has a debt-to-equity ratio of 23.85, a current ratio of 1.21 and a quick ratio of 0.83.

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

Insider Transactions at On the Beach Group

In other news, insider Shaun Morton acquired 991 shares of the company’s stock in a transaction on Monday, April 20th. The shares were bought at an average cost of GBX 185 per share, with a total value of £1,833.35. Corporate insiders own 9.24% 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.