On the Beach Group (LON:OTB) Price Target Raised to GBX 345

On the Beach Group (LON:OTB) had its target price hoisted by Deutsche Bank Aktiengesellschaft from GBX 320 to GBX 345 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other analysts have also commented on OTB. Peel Hunt reaffirmed a “buy” rating and set a GBX 350 price objective on shares of On the Beach Group in a research note on Tuesday. Shore Capital reaffirmed a “hold” rating on shares of On the Beach Group in a research note on Tuesday. Panmure Gordon reiterated a “buy” rating and set a GBX 300 price target on shares of On the Beach Group in a report on Monday, November 24th. Canaccord Genuity Group reduced their price objective on shares of On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Finally, Berenberg Bank lowered their price target on On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating for the company in a report on Tuesday, November 11th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 303.

On the Beach Group Stock Up 1.9%

OTB stock opened at GBX 213 on Tuesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83. The company’s 50 day simple moving average is GBX 210.77 and its 200-day simple moving average is GBX 252.02. On the Beach Group has a 12 month low of GBX 182 and a 12 month high of GBX 304.50. The firm has a market capitalization of £315.89 million, a PE ratio of 23.15, a P/E/G ratio of 0.71 and a beta of 2.42.

On the Beach Group (LON:OTB) last posted its earnings results on Tuesday, December 2nd. The company reported GBX 19 earnings per share (EPS) for the quarter. On the Beach Group had a return on equity of 8.73% and a net margin of 8.66%. Equities analysts expect that On the Beach Group will post 17.3349938 earnings per share for the current fiscal year.

About On the Beach Group

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.