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

On the Beach Group plc (LON:OTB) has earned a consensus recommendation of “Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 283.43.

A number of analysts have issued reports on OTB shares. Canaccord Genuity Group reduced their price target 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 upgraded On the Beach Group to a “buy” rating and set a GBX 210 price objective for the company in a research report on Tuesday, June 9th. Royal Bank Of Canada decreased their target price on On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating on the stock in a research report on Tuesday, May 19th. Berenberg Bank dropped their price target on On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective 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.

On the Beach Group Stock Performance

LON:OTB opened at GBX 199.64 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 23.85. On the Beach Group has a 12-month low of GBX 129.40 and a 12-month high of GBX 297. The stock has a 50-day moving average price of GBX 177.20 and a 200 day moving average price of GBX 175.70. The stock has a market capitalization of £287.36 million, a P/E ratio of 16.92, a P/E/G ratio of 0.71 and a beta of 1.29.

On the Beach Group (LON:OTB) last posted its quarterly earnings results on Tuesday, May 12th. The company reported GBX 1.20 earnings per share for the quarter. On the Beach Group had a return on equity of 2.40% and a net margin of 3.11%.The business had revenue of GBX 5,220 million during the quarter. Equities research analysts forecast that On the Beach Group will post 17.3349938 EPS 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. Our model is customer-centric, asset light, profitable and cash generative.