On the Beach Group’s (OTB) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of On the Beach Group (LON:OTB) in a research report released on Monday, Marketbeat reports. Berenberg Bank currently has a GBX 330 price target on the stock.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lifted 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. Shore Capital reiterated a “hold” rating on shares of On the Beach Group in a report on Tuesday, December 2nd. Canaccord Genuity Group dropped their price target on On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 300 price objective on shares of On the Beach Group in a report on Monday, November 24th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 350 target price on shares of On the Beach Group in a research note on Tuesday, December 2nd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, On the Beach Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 308.

On the Beach Group Price Performance

Shares of OTB stock opened at GBX 211.50 on Monday. The firm has a fifty day simple moving average of GBX 215.01 and a 200-day simple moving average of GBX 240.35. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 1.53. The company has a market capitalization of £306.47 million, a PE ratio of 14.01, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. On the Beach Group has a twelve month low of GBX 182 and a twelve month high of GBX 304.50.

On the Beach Group (LON:OTB) last announced its earnings results on Tuesday, December 2nd. The company reported GBX 19 earnings per share (EPS) for the quarter. On the Beach Group had a return on equity of 8.73% and a net margin of 8.66%. Equities research analysts anticipate that On the Beach Group will post 17.3349938 earnings per share for the current fiscal year.

Insider Buying and Selling at On the Beach Group

In other news, insider Zoe Harris purchased 10,357 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 £22,163.98. Also, insider Simon Cooper acquired 13,338 shares of On the Beach Group stock in a transaction dated Wednesday, December 3rd. The shares were acquired at an average price of GBX 214 per share, with a total value of £28,543.32. Over the last 90 days, insiders have bought 32,012 shares of company stock worth $6,850,568. 9.01% of the stock is owned by company insiders.

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.