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

Shares of On the Beach Group plc (LON:OTB) have earned an average rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 283.43.

OTB has been the topic of a number of research analyst reports. Canaccord Genuity Group cut their price objective on shares of On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Berenberg Bank cut their price objective on shares of On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating on the stock in a report on Monday, May 18th. Royal Bank Of Canada cut their price objective on shares of On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating on the stock in a report on Tuesday, May 19th. Shore Capital Group raised shares of On the Beach Group to a “buy” rating and set a GBX 210 price objective on the stock in a report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating on the stock in a report on Wednesday, May 13th.

On the Beach Group Stock Down 3.2%

Shares of On the Beach Group stock opened at GBX 168 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 23.85. On the Beach Group has a 52-week low of GBX 129.40 and a 52-week high of GBX 304.50. The company has a 50 day moving average of GBX 158.68 and a 200 day moving average of GBX 187.22. The company has a market capitalization of £243.44 million, a P/E ratio of 14.24, a P/E/G ratio of 0.71 and a beta of 1.34.

On the Beach Group (LON:OTB) last released its quarterly earnings data on Tuesday, May 12th. The company reported GBX 1.20 earnings per share for the quarter. On the Beach Group had a net margin of 3.11% and a return on equity of 2.40%. The company had revenue of GBX 5,220 million for the quarter. As a group, research analysts forecast that On the Beach Group will post 17.3349938 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shaun Morton acquired 991 shares of the business’s stock in a transaction on Monday, April 20th. The shares were bought at an average price of GBX 185 per share, with a total value of £1,833.35. Insiders own 9.24% 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.