Numis Securities Reiterates Buy Rating for On the Beach Group (OTB)
On the Beach Group (LON:OTB)‘s stock had its “buy” rating reiterated by analysts at Numis Securities in a research note issued on Thursday. They presently have a GBX 552 ($7.39) price objective on the stock. Numis Securities’ price target would suggest a potential upside of 24.11% from the company’s current price.
Several other analysts have also weighed in on OTB. Peel Hunt reissued a “buy” rating and issued a GBX 500 ($6.70) target price on shares of On the Beach Group in a report on Thursday. Berenberg Bank upped their target price on On the Beach Group from GBX 470 ($6.29) to GBX 520 ($6.96) and gave the company a “buy” rating in a report on Friday, November 10th. Five equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of GBX 476.80 ($6.39).
Shares of On the Beach Group (OTB) traded up GBX 45.75 ($0.61) during mid-day trading on Thursday, reaching GBX 444.75 ($5.96). The company had a trading volume of 664,916 shares, compared to its average volume of 479,099. On the Beach Group has a 52-week low of GBX 3.95 ($0.05) and a 52-week high of GBX 482.50 ($6.46).
In other news, insider Kirsteen Vickerstaff sold 7,021 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of GBX 427 ($5.72), for a total value of £29,979.67 ($40,149.55). Insiders acquired 72 shares of company stock worth $30,070 in the last three months.
About On the Beach Group
On the Beach Group plc is a United Kingdom-based online travel agent. The Company operates in two segments: Core and International. The Company’s core segment conducts its activity through the United Kingdom Website (UK). The Company’s international segment conducts its activity through Swedish Website (eBeach.se).
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