On the Beach Group (LON:OTB) Stock Gets Price Target Cut from Berenberg Bank

On the Beach Group (LON:OTB) had its price target reduced by Berenberg Bank from GBX 280 to GBX 240 in a report issued on Thursday, MarketBeat.com reports. Berenberg Bank currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the company. Canaccord Genuity Group lowered their price target on On the Beach Group from GBX 240 to GBX 220 and set a “buy” rating for the company in a research report on Friday, September 25th. Shore Capital Group reissued a “buy” rating and issued a GBX 200 target price on shares of On the Beach Group in a research note on Thursday, September 24th. Seven research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 273.43.

On the Beach Group Trading Down 2.3%

Shares of LON OTB opened at GBX 170.80 on Thursday. On the Beach Group has a 1-year low of GBX 129.40 and a 1-year high of GBX 234. The company has a debt-to-equity ratio of 23.85, a current ratio of 1.21 and a quick ratio of 0.83. The business’s 50 day moving average is GBX 181.98 and its two-hundred day moving average is GBX 171. The stock has a market capitalization of £241.22 million, a P/E ratio of 14.47, a PEG ratio of 0.71 and a beta of 1.30.

Insider Transactions at On the Beach Group

In other On the Beach Group news, insider Simon Cooper bought 500,000 shares of the company’s stock in a transaction on Wednesday, October 7th. The shares were bought at an average cost of GBX 174 per share, for a total transaction of £870,000. 9.48% of the stock is currently owned by insiders.

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. Our model is customer-centric, asset light, profitable and cash generative.