On the Beach Group (LON:OTB) Share Price Crosses Above 50-Day Moving Average of $152.27

On the Beach Group plc (LON:OTB) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 152.27 ($1.90) and traded as high as GBX 153.80 ($1.91). On the Beach Group shares last traded at GBX 153.40 ($1.91), with a volume of 189,551 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Redburn Partners raised On the Beach Group to a “buy” rating and set a GBX 240 ($2.99) price target on the stock in a research report on Thursday, March 21st. Shore Capital reaffirmed a “buy” rating on shares of On the Beach Group in a research report on Wednesday, February 21st.

On the Beach Group Price Performance

The business has a fifty day moving average of GBX 152.27 and a 200-day moving average of GBX 140.38. The firm has a market cap of £256.09 million, a PE ratio of 2,556.67, a PEG ratio of 0.71 and a beta of 2.36. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 2.68.

Insider Buying and Selling

In related news, insider Richard Pennycook sold 38,333 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of GBX 156 ($1.94), for a total transaction of £59,799.48 ($74,442.28). 10.84% of the stock is currently owned by insiders.

On the Beach Group Company Profile

On the Beach Group plc operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom. It operates through three segments: OTB, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.