Shore Capital Group Reaffirms “Buy” Rating for On the Beach Group (LON:OTB)

On the Beach Group (LON:OTB)‘s stock had its “buy” rating reissued by equities research analysts at Shore Capital Group in a research report issued on Thursday, September 24th, MarketBeat Ratings reports. They currently have a GBX 200 price objective on the stock. Shore Capital Group’s target price would indicate a potential upside of 12.61% from the stock’s previous close.

On the Beach Group Stock Down 2.2%

On the Beach Group stock traded down GBX 4 during mid-day trading on Thursday, reaching GBX 177.60. The company’s stock had a trading volume of 730,523 shares, compared to its average volume of 1,464,179. The company has a debt-to-equity ratio of 23.85, a quick ratio of 0.83 and a current ratio of 1.21. On the Beach Group has a 12 month low of GBX 129.40 and a 12 month high of GBX 234. The business’s 50 day simple moving average is GBX 182.99 and its 200 day simple moving average is GBX 170.45. The company has a market capitalization of £253.30 million, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 0.71 and a beta of 1.30.

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.