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

On the Beach Group plc (LON:OTB) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 303.

OTB has been the subject of a number of recent analyst reports. Panmure Gordon reaffirmed a “buy” rating and set a GBX 300 price target on shares of On the Beach Group in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft upped their target price on On the Beach Group from GBX 320 to GBX 345 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Shore Capital reaffirmed a “hold” rating on shares of On the Beach Group in a report on Tuesday, December 2nd. Canaccord Genuity Group decreased their price target on 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, Peel Hunt restated a “buy” rating and set a GBX 350 price objective on shares of On the Beach Group in a research report on Tuesday, December 2nd.

On the Beach Group Stock Up 0.2%

LON OTB opened at GBX 228.50 on Friday. The company has a 50 day moving average of GBX 212.84 and a 200-day moving average of GBX 247.74. On the Beach Group has a 1-year low of GBX 182 and a 1-year high of GBX 304.50. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 1.53. The company has a market cap of £331.11 million, a price-to-earnings ratio of 15.13, a PEG ratio of 0.71 and a beta of 2.42.

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

Insiders Place Their Bets

In related news, insider Simon Cooper purchased 13,338 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were bought at an average cost of GBX 214 per share, with a total value of £28,543.32. Also, insider Zoe Harris acquired 10,357 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were bought at an average price of GBX 214 per share, with a total value of £22,163.98. Over the last 90 days, insiders acquired 32,012 shares of company stock valued at $6,850,568. 9.01% of the stock is currently owned by corporate insiders.

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. Our model is customer-centric, asset light, profitable and cash generative.