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

On the Beach Group plc (LON:OTB) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 308.

A number of research firms recently issued reports on OTB. Shore Capital Group reissued a “hold” rating on shares of On the Beach Group in a report on Tuesday, December 2nd. Berenberg Bank reiterated a “buy” rating and issued a GBX 330 target price on shares of On the Beach Group in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft upped their price target 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. 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. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 350 price objective on shares of On the Beach Group in a research note on Tuesday, December 2nd.

On the Beach Group Stock Up 1.4%

OTB stock opened at GBX 200.09 on Monday. The company has a fifty day moving average price of GBX 219.64 and a 200 day moving average price of GBX 230.93. On the Beach Group has a 12 month low of GBX 182 and a 12 month high of GBX 304.50. The company has a market cap of £289.94 million, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83.

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

Insider Activity

In other On the Beach Group news, insider Jon Wormald bought 8,317 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were bought at an average price of GBX 214 per share, for a total transaction of £17,798.38. Also, insider Zoe Harris bought 10,357 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were acquired at an average cost of GBX 214 per share, with a total value of £22,163.98. Insiders have bought a total of 32,012 shares of company stock valued at $6,850,568 over the last quarter. Corporate insiders own 9.03% 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.