On the Beach Group (LON:OTB) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of On the Beach Group (LON:OTB) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm currently has a GBX 180 ($2.35) target price on the stock.

Separately, Canaccord Genuity Group reduced their price target on shares of On the Beach Group from GBX 220 ($2.87) to GBX 187 ($2.44) and set a “buy” rating for the company in a research report on Wednesday.

On the Beach Group Price Performance

OTB opened at GBX 154.60 ($2.02) on Tuesday. The firm has a market cap of £258.17 million, a P/E ratio of 1,717.78, a PEG ratio of 0.71 and a beta of 2.42. The firm has a 50-day moving average of GBX 147.19 and a 200 day moving average of GBX 146.70. The company has a debt-to-equity ratio of 34.49, a quick ratio of 0.83 and a current ratio of 1.20. On the Beach Group has a fifty-two week low of GBX 90.20 ($1.18) and a fifty-two week high of GBX 181.60 ($2.37).

About On the Beach Group

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.