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 reiterated by equities research analysts at Shore Capital Group in a note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 200 price target on the stock. Shore Capital Group’s price target indicates a potential upside of 14.03% from the company’s current price.

On the Beach Group Price Performance

LON OTB traded up GBX 12.20 on Thursday, reaching GBX 175.40. The company had a trading volume of 1,651,225 shares, compared to its average volume of 1,479,298. 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 stock has a market capitalization of £250.17 million, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29. The firm’s 50 day moving average price is GBX 183.15 and its 200 day moving average price is GBX 170.94. On the Beach Group has a 12 month low of GBX 129.40 and a 12 month high of GBX 234.

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.