Peel Hunt Reiterates “Buy” Rating for On The Beach Group (OTB)

On The Beach Group (LON:OTB)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They currently have a GBX 600 ($8.41) price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 15.61% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Numis Securities reissued a “buy” rating and set a GBX 552 ($7.74) price target on shares of On The Beach Group in a report on Monday, December 18th. Berenberg Bank increased their price target on On The Beach Group from GBX 470 ($6.59) to GBX 520 ($7.29) and gave the stock a “buy” rating in a research note on Friday, November 10th.

Shares of On The Beach Group (LON:OTB) traded up GBX 18 ($0.25) during mid-day trading on Thursday, hitting GBX 519 ($7.28). The company had a trading volume of 374,765 shares, compared to its average volume of 253,218. On The Beach Group has a twelve month low of GBX 3.95 ($0.06) and a twelve month high of GBX 549 ($7.70). The company has a market cap of $676.96 and a P/E ratio of 3,707.14.

On The Beach Group (LON:OTB) last released its earnings results on Thursday, November 30th. The company reported GBX 17.60 ($0.25) EPS for the quarter, topping the consensus estimate of GBX 17.50 ($0.25) by GBX 0.10 ($0.00). On The Beach Group had a return on equity of 21.95% and a net margin of 22.24%. The business had revenue of GBX 8,356 million during the quarter.

In other news, insider Paul Meehan acquired 22,222 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was purchased at an average price of GBX 450 ($6.31) per share, for a total transaction of £99,999 ($140,211.72). In the last 90 days, insiders have bought 22,269 shares of company stock valued at $10,020,355.

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On The Beach Group Company Profile

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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