On the Beach Group (LON:OTB) Shares Pass Below Fifty Day Moving Average – What’s Next?

On the Beach Group plc (LON:OTB)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 194.88 and traded as low as GBX 159.40. On the Beach Group shares last traded at GBX 160.80, with a volume of 295,691 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Peel Hunt reissued a “buy” rating and issued a GBX 350 price target on shares of On the Beach Group in a report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on On the Beach Group from GBX 320 to GBX 345 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Berenberg Bank reiterated a “buy” rating and set a GBX 330 price objective on shares of On the Beach Group in a research report on Monday, January 19th. Finally, Shore Capital Group reissued a “hold” rating on shares of On the Beach Group in a research note on Thursday, March 12th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 308.

On the Beach Group Price Performance

The company has a 50-day moving average of GBX 194.88 and a two-hundred day moving average of GBX 212.09. The stock has a market capitalization of £233.01 million, a PE ratio of 10.65, a P/E/G ratio of 0.71 and a beta of 1.30. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.28 and a quick ratio of 0.83.

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.