Berenberg Bank Reaffirms Buy Rating for On the Beach Group (LON:OTB)

On the Beach Group (LON:OTB)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research note issued to investors on Monday, Marketbeat Ratings reports. They presently have a GBX 330 target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 55.29% from the company’s current price.

Several other equities research analysts have also recently commented on OTB. Deutsche Bank Aktiengesellschaft boosted their price target on shares of On the Beach Group from GBX 320 to GBX 345 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Canaccord Genuity Group lowered their target price on On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Peel Hunt reissued a “buy” rating and set a GBX 350 price target on shares of On the Beach Group in a research report on Tuesday, December 2nd. Panmure Gordon restated a “buy” rating and issued a GBX 300 price target on shares of On the Beach Group in a research note on Monday, November 24th. Finally, Shore Capital reiterated a “hold” rating on shares of On the Beach Group in a research note on Tuesday, December 2nd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 308.

On the Beach Group Trading Down 1.4%

LON OTB opened at GBX 212.50 on Monday. On the Beach Group has a 52 week low of GBX 182 and a 52 week high of GBX 304.50. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.83 and a current ratio of 1.37. The stock’s 50 day moving average price is GBX 214.99 and its two-hundred day moving average price is GBX 241.18. The stock has a market capitalization of £307.92 million, a price-to-earnings ratio of 14.07, a PEG ratio of 0.71 and a beta of 2.42.

On the Beach Group (LON:OTB) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 19 earnings per share (EPS) for the quarter. On the Beach Group had a net margin of 8.66% and a return on equity of 8.73%. As a group, analysts anticipate that On the Beach Group will post 17.3349938 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other On the Beach Group news, insider Jon Wormald purchased 8,317 shares of the stock in a transaction on Wednesday, December 3rd. The shares were purchased at an average price of GBX 214 per share, with a total value of £17,798.38. Also, insider Zoe Harris acquired 10,357 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was acquired at an average price of GBX 214 per share, for a total transaction of £22,163.98. Insiders have acquired a total of 32,012 shares of company stock valued at $6,850,568 over the last 90 days. 9.01% 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.