On the Beach Group (LON:OTB) Shares Up 12.4% – Here’s What Happened

On the Beach Group plc (LON:OTB)’s stock price was up 12.4% during trading on Tuesday . The company traded as high as GBX 224 and last traded at GBX 216.50. Approximately 2,965,582 shares were traded during trading, an increase of 245% from the average daily volume of 860,012 shares. The stock had previously closed at GBX 192.60.

Wall Street Analysts Forecast Growth

OTB has been the subject of a number of recent research reports. Berenberg Bank decreased their price objective on On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating for the company in a report on Tuesday, November 11th. Canaccord Genuity Group decreased their price target on On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating for the company in a research note on Thursday, September 25th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 300 price objective on shares of On the Beach Group in a research note on Monday, November 24th. Finally, Shore Capital cut On the Beach Group to a “hold” rating and reduced their target price for the company from GBX 330 to GBX 230 in a report on Tuesday, November 18th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 280.75.

On the Beach Group Trading Up 12.4%

The company has a market cap of £321.08 million, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The firm has a 50-day moving average of GBX 211.47 and a 200 day moving average of GBX 252.80. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 1.53.

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

On the Beach Group Company Profile

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.