On the Beach Group (LON:OTB) Reaches New 12-Month High – Here’s Why

Shares of On the Beach Group plc (LON:OTB) hit a new 52-week high during trading on Friday . The company traded as high as GBX 255 ($3.12) and last traded at GBX 252 ($3.08), with a volume of 479259 shares trading hands. The stock had previously closed at GBX 253.50 ($3.10).

Analyst Ratings Changes

A number of brokerages have recently weighed in on OTB. Berenberg Bank reiterated a “buy” rating and set a GBX 180 ($2.20) price target on shares of On the Beach Group in a research report on Tuesday, October 15th. Shore Capital reaffirmed a “buy” rating on shares of On the Beach Group in a research report on Wednesday, December 4th. Finally, Canaccord Genuity Group cut their target price on On the Beach Group from GBX 220 ($2.69) to GBX 187 ($2.29) and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

On the Beach Group Price Performance

The company has a debt-to-equity ratio of 34.49, a quick ratio of 0.83 and a current ratio of 1.20. The firm has a market capitalization of £420.81 million, a P/E ratio of 2,800.00, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The business has a fifty day moving average of GBX 209.35 and a 200-day moving average of GBX 168.05.

On the Beach Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th will be paid a GBX 2.10 ($0.03) dividend. This is a boost from On the Beach Group’s previous dividend of $0.90. The ex-dividend date is Thursday, January 30th. This represents a dividend yield of 1.02%. On the Beach Group’s dividend payout ratio is presently 1,111.11%.

Insider Activity

In other news, insider Shaun Morton purchased 12,013 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of GBX 209 ($2.56) per share, for a total transaction of £25,107.17 ($30,719.65). Also, insider Simon Cooper acquired 3,000,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of GBX 228 ($2.79) per share, with a total value of £6,840,000 ($8,369,019.94). Corporate insiders own 10.69% of the company’s stock.

On the Beach Group Company Profile

On the Beach is one of the UK’s leading online retailers of beach holidays and has a 20%+ share of online sales in the short haul beach holiday market. Our vision is to build Europe’s leading beach holiday retailer via a single platform, multi-brand strategy. We’re totally focused on making it easy for people to find, book and enjoy their perfect beach holiday.

We were one of the first online travel agents in the UK to offer complete financial protection, meaning every flight-inclusive package is ATOL-protected.