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

Shares of On the Beach Group plc (LON:OTB) traded up 12.4% 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 216.50. 22,109,371 shares traded hands during trading, an increase of 2,248% from the average session volume of 941,823 shares. The stock had previously closed at GBX 192.60.

A number of other research firms have also recently weighed in on OTB. Canaccord Genuity Group cut their price objective 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. Peel Hunt restated a “buy” rating and set a GBX 350 price target on shares of On the Beach Group in a research note on Tuesday. Berenberg Bank reduced their price objective on shares of On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Shore Capital reissued a “hold” rating on shares of On the Beach Group in a report on Tuesday. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 300 price target on shares of On the Beach Group in a research note on Monday, November 24th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 303.

On the Beach Group Trading Up 1.9%

The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of £315.89 million, a PE ratio of 23.15, a P/E/G ratio of 0.71 and a beta of 2.42. The business’s fifty day moving average is GBX 210.81 and its 200-day moving average is GBX 252.29.

On the Beach Group (LON:OTB) last issued 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%. As a group, 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.