On the Beach Group plc (LON:OTB) Given Average Recommendation of “Buy” by Analysts

On the Beach Group plc (LON:OTB) has been assigned an average recommendation of “Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 283.43.

Several analysts recently issued reports on the stock. Berenberg Bank reduced their price target on shares of On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating for the company in a research report on Monday, May 18th. Shore Capital Group raised On the Beach Group to a “buy” rating and set a GBX 210 target price for the company in a report on Tuesday, June 9th. Canaccord Genuity Group decreased their price objective on shares of On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating for the company in a report on Wednesday, May 13th. Royal Bank Of Canada decreased their target price on On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating for the company in a research report on Tuesday, May 19th. Finally, 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 on the stock in a research report on Wednesday, May 13th.

On the Beach Group Stock Performance

Shares of OTB stock opened at GBX 172.78 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 23.85. The company has a market cap of £249.29 million, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29. The firm has a 50 day moving average of GBX 159.40 and a 200-day moving average of GBX 180.80. On the Beach Group has a 52 week low of GBX 129.40 and a 52 week high of GBX 297.

On the Beach Group (LON:OTB) last posted its quarterly earnings results on Tuesday, May 12th. The company reported GBX 1.20 earnings per share for the quarter. On the Beach Group had a net margin of 3.11% and a return on equity of 2.40%. The firm had revenue of GBX 5,220 million during the quarter. On average, equities analysts forecast that On the Beach Group will post 17.3349938 earnings per share for the current year.

Insider Buying and Selling at On the Beach Group

In other news, insider Shaun Morton purchased 991 shares of the stock in a transaction dated Monday, April 20th. The shares were purchased at an average cost of GBX 185 per share, with a total value of £1,833.35. 9.28% of the stock is currently owned by corporate insiders.

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