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

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

OTB has been the topic of several other reports. Shore Capital Group reaffirmed a “hold” rating on shares of On the Beach Group in a research note on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reduced their price target on On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Finally, Canaccord Genuity Group reduced their price target on On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 285.67.

On the Beach Group Price Performance

Shares of OTB stock opened at GBX 129.80 on Monday. The stock has a market cap of £188.09 million, a price-to-earnings ratio of 8.60, a PEG ratio of 0.71 and a beta of 1.35. The business’s fifty day moving average is GBX 168.31 and its 200 day moving average is GBX 196.41. On the Beach Group has a twelve month low of GBX 129.60 and a twelve month high of GBX 304.50. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 23.85.

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

Insider Activity at On the Beach Group

In related news, insider Shaun Morton bought 991 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were purchased at an average cost of GBX 185 per share, with a total value of £1,833.35. Corporate insiders own 9.03% 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.