On the Beach Group (LON:OTB) Trading 13.1% Higher After Analyst Upgrade

On the Beach Group plc (LON:OTB)’s stock price was up 13.1% 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 217.87. Approximately 21,660,393 shares traded hands during mid-day trading, an increase of 2,205% from the average daily volume of 939,904 shares. The stock had previously closed at GBX 192.60.

Other equities research analysts have also recently issued reports about the company. Berenberg Bank cut their target price on On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Peel Hunt reissued a “buy” rating and set a GBX 350 price target on shares of On the Beach Group in a report on Tuesday. Canaccord Genuity Group dropped their price objective on On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating for the company in a research report on Thursday, September 25th. Shore Capital reaffirmed a “hold” rating on shares of On the Beach Group in a research note on Tuesday. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 300 target price on shares of On the Beach Group in a research note on Monday, November 24th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, On the Beach Group has an average rating of “Moderate Buy” and a consensus price target of GBX 303.

On the Beach Group Price Performance

The stock has a market cap of £316.63 million, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The business has a 50-day simple moving average of GBX 210.81 and a 200 day simple moving average 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%. On average, analysts forecast that On the Beach Group plc will post 17.3349938 earnings per share for the current 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.