On the Beach Group plc (LON:OTB) Receives Consensus Recommendation of “Buy” from Analysts

Shares of On the Beach Group plc (LON:OTB) have been given an average rating of “Buy” by the seven analysts that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 283.43.

Several analysts recently commented on the company. Royal Bank Of Canada decreased their price target on On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating on the stock in a research note on Tuesday, May 19th. Canaccord Genuity Group reduced their price objective 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. Deutsche Bank Aktiengesellschaft dropped their target price on On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Berenberg Bank dropped their target price on On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating for the company in a research report on Monday, May 18th. Finally, Shore Capital Group upgraded On the Beach Group to a “buy” rating and set a GBX 210 target price for the company in a research report on Tuesday, June 9th.

On the Beach Group Price Performance

Shares of OTB stock opened at GBX 176 on Friday. The stock’s fifty day simple moving average is GBX 158.42 and its 200 day simple moving average is GBX 185.86. 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 firm has a market cap of £255.03 million, a price-to-earnings ratio of 14.92, a P/E/G ratio of 0.71 and a beta of 1.34. On the Beach Group has a one year low of GBX 129.40 and a one year high of GBX 304.50.

On the Beach Group (LON:OTB) last announced its quarterly earnings results on Tuesday, May 12th. The company reported GBX 1.20 EPS for the quarter. The business 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%. On average, analysts expect that On the Beach Group will post 17.3349938 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Shaun Morton acquired 991 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was acquired at an average price of GBX 185 per share, for a total transaction of £1,833.35. Corporate insiders own 9.24% of the company’s stock.

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.