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

On the Beach Group plc (LON:OTB) has been given an average rating of “Buy” by the seven ratings firms that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 283.43.

OTB has been the topic of several analyst reports. Royal Bank Of Canada reduced their price objective on shares of On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating on the stock in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft dropped their target price 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. Berenberg Bank cut their price target on On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating on the stock in a report on Monday, May 18th. Shore Capital Group upgraded On the Beach Group to a “buy” rating and set a GBX 210 price target for the company in a report on Tuesday, June 9th. Finally, Canaccord Genuity Group decreased their target price on On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating for the company in a research report on Wednesday, May 13th.

On the Beach Group Stock Performance

Shares of On the Beach Group stock opened at GBX 187.82 on Friday. The company’s 50 day moving average price is GBX 183.87 and its two-hundred day moving average price is GBX 173.34. The firm has a market capitalization of £270.35 million, a P/E ratio of 15.92, a P/E/G ratio of 0.71 and a beta of 1.29. On the Beach Group has a fifty-two week low of GBX 129.40 and a fifty-two week high of GBX 280. The company has a debt-to-equity ratio of 23.85, a current ratio of 1.21 and a quick ratio of 0.83.

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.