On the Beach Group (LON:OTB) Reaches New 1-Year Low – Here’s Why

On the Beach Group plc (LON:OTB)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 157.60 and last traded at GBX 157.80, with a volume of 598898 shares changing hands. The stock had previously closed at GBX 161.60.

Analysts Set New Price Targets

OTB has been the topic of a number of research reports. Panmure Gordon reaffirmed a “buy” rating and set a GBX 300 target price on shares of On the Beach Group in a research note on Monday, November 24th. Berenberg Bank restated a “buy” rating and issued a GBX 330 price objective on shares of On the Beach Group in a report on Monday, January 19th. Peel Hunt reaffirmed 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. Shore Capital Group reiterated a “hold” rating on shares of On the Beach Group in a report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on On the Beach Group from GBX 320 to GBX 345 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, On the Beach Group currently has an average rating of “Moderate Buy” and an average price target of GBX 308.

On the Beach Group Stock Performance

The company has a market capitalization of £228.66 million, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.30. The company’s 50 day moving average is GBX 200.39 and its 200-day moving average is GBX 215.49. The company has a current ratio of 1.28, a quick ratio of 0.83 and a debt-to-equity ratio of 1.40.

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.