On the Beach Group (LON:OTB) Stock Passes Below 50-Day Moving Average – Here’s What Happened

On the Beach Group plc (LON:OTB)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 159.14 and traded as low as GBX 141.40. On the Beach Group shares last traded at GBX 142.80, with a volume of 410,639 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Shore Capital Group reiterated a “hold” rating on shares of On the Beach Group in a research note on Thursday, March 12th. Royal Bank Of Canada dropped their price target on On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating on the stock in a research note on Tuesday, May 19th. Canaccord Genuity Group dropped their price target on On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft dropped their price target on On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Finally, Berenberg Bank dropped their price target on On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating on the stock in a research note on Monday, May 18th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 286.29.

On the Beach Group Stock Up 0.5%

The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 23.85. The stock has a market cap of £207.87 million, a PE ratio of 9.50, a P/E/G ratio of 0.71 and a beta of 1.35. The business has a 50 day moving average price of GBX 159.14 and a 200 day moving average price of GBX 189.79.

On the Beach Group (LON:OTB) last issued its earnings results on Tuesday, May 12th. The company reported GBX 1.20 EPS for the quarter. On the Beach Group had a return on equity of 2.40% and a net margin of 3.11%.The firm had revenue of GBX 5,220 million for the quarter. Equities research analysts expect that On the Beach Group plc will post 17.3349938 EPS for the current fiscal year.

Insider Activity at On the Beach Group

In related news, insider Shaun Morton bought 991 shares of the stock in a transaction dated Monday, April 20th. The shares were purchased at an average price of GBX 185 per share, for a total transaction of £1,833.35. 9.03% of the stock is owned by 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.