On the Beach Group (LON:OTB) Trading 12.4% Higher After Analyst Upgrade

On the Beach Group plc (LON:OTB) rose 12.4% during trading on Tuesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 320 to GBX 345. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. On the Beach Group traded as high as GBX 224 and last traded at GBX 216.48. Approximately 22,164,283 shares were traded during trading, an increase of 2,253% from the average daily volume of 942,057 shares. The stock had previously closed at GBX 192.60.

Several other research analysts also recently commented on OTB. Berenberg Bank dropped their price target on On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Panmure Gordon restated a “buy” rating and issued a GBX 300 target price on shares of On the Beach Group in a research note on Monday, November 24th. Canaccord Genuity Group lowered their price target on shares of On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating on the stock in a report on Thursday, September 25th. Shore Capital reaffirmed a “hold” rating on shares of On the Beach Group in a report on Tuesday. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 350 target price on shares of On the Beach Group in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 303.

On the Beach Group Stock Up 1.9%

The firm has a market capitalization of £315.89 million, a price-to-earnings ratio of 23.15, a P/E/G ratio of 0.71 and a beta of 2.42. The firm has a fifty day moving average price of GBX 210.81 and a 200 day moving average price of GBX 252.29. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 1.53.

On the Beach Group (LON:OTB) last issued its quarterly earnings data 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%. Sell-side analysts anticipate that On the Beach Group plc will post 17.3349938 EPS for the current fiscal year.

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.