On the Beach Group (LON:OTB) Price Target Cut to GBX 240 by Analysts at Canaccord Genuity Group

On the Beach Group (LON:OTB) had its target price lowered by investment analysts at Canaccord Genuity Group from GBX 293 to GBX 240 in a report issued on Wednesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 67.13% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Shore Capital Group reissued a “hold” rating on shares of On the Beach Group in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating for the company in a research report on Wednesday. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 330 price target on shares of On the Beach Group in a report on Monday, January 19th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 294.

On the Beach Group Price Performance

OTB opened at GBX 143.60 on Wednesday. The business has a fifty day moving average of GBX 171.48 and a 200 day moving average of GBX 198.05. The stock has a market cap of £208.08 million, a P/E ratio of 9.51, a PEG ratio of 0.71 and a beta of 1.35. The company has a quick ratio of 0.83, a current ratio of 1.28 and a debt-to-equity ratio of 1.40. On the Beach Group has a 52-week low of GBX 135 and a 52-week high of GBX 304.50.

On the Beach Group (LON:OTB) last issued its earnings results on Tuesday, May 12th. The company reported GBX 1.20 earnings per share (EPS) for the quarter. The firm had revenue of GBX 5,220 million during the quarter. On the Beach Group had a net margin of 7.08% and a return on equity of 5.43%. As a group, sell-side analysts anticipate that On the Beach Group will post 17.3349938 EPS for the current year.

Insider Activity at On the Beach Group

In related news, insider Shaun Morton bought 991 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were purchased at an average cost of GBX 185 per share, with a total value of £1,833.35. 9.03% of the stock is owned by insiders.

About On the Beach Group

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. Our model is customer-centric, asset light, profitable and cash generative.