On the Beach Group (LON:OTB) Hits New 52-Week Low Following Analyst Downgrade

On the Beach Group plc (LON:OTB) shares hit a new 52-week low on Wednesday after Canaccord Genuity Group lowered their price target on the stock from GBX 293 to GBX 240. Canaccord Genuity Group currently has a buy rating on the stock. On the Beach Group traded as low as GBX 135 and last traded at GBX 142.60, with a volume of 2245272 shares trading hands. The stock had previously closed at GBX 138.80.

OTB has been the subject of several other reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating for the company in a research note on Wednesday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 330 price target on shares of On the Beach Group in a report on Monday, January 19th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of On the Beach Group in a report on Thursday, March 12th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 294.

Insider Activity

In related news, insider Shaun Morton purchased 991 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was acquired at an average price of GBX 185 per share, with a total value of £1,833.35. Corporate insiders own 9.03% of the company’s stock.

On the Beach Group Trading Up 2.7%

The stock’s fifty day simple moving average is GBX 171.48 and its 200-day simple moving average is GBX 198.05. The firm has a market cap of £206.63 million, a PE ratio of 9.44, a PEG ratio of 0.71 and a beta of 1.35. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.28 and a quick ratio of 0.83.

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. On the Beach Group had a net margin of 7.08% and a return on equity of 5.43%. The firm had revenue of GBX 5,220 million during the quarter. On average, sell-side analysts forecast that On the Beach Group plc will post 17.3349938 earnings per share for the current year.

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.