On the Beach Group (LON:OTB) Stock Price Crosses Above 50 Day Moving Average of $95.40

Shares of On the Beach Group plc (LON:OTB) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 95.40 ($1.20) and traded as high as GBX 98.97 ($1.25). On the Beach Group shares last traded at GBX 97.50 ($1.23), with a volume of 262,119 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Canaccord Genuity Group lowered their price objective on shares of On the Beach Group from GBX 248 ($3.13) to GBX 220 ($2.77) and set a “buy” rating on the stock in a research note on Wednesday, May 17th. Shore Capital reiterated a “buy” rating on shares of On the Beach Group in a research report on Monday, June 26th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 300 ($3.78) price target on shares of On the Beach Group in a research report on Tuesday, May 16th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 260 ($3.28).

On the Beach Group Stock Performance

The company has a market capitalization of £161.61 million, a price-to-earnings ratio of 9,750.00, a PEG ratio of 0.71 and a beta of 2.35. The company’s 50-day moving average price is GBX 95.40 and its two-hundred day moving average price is GBX 120.85. The company has a debt-to-equity ratio of 21.83, a current ratio of 1.20 and a quick ratio of 0.83.

Insider Buying and Selling

In other On the Beach Group news, insider Simon Cooper acquired 2,823,862 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of GBX 88 ($1.11) per share, with a total value of £2,484,998.56 ($3,132,482.74). 6.26% of the stock is owned by insiders.

About On the Beach Group

On the Beach Group plc operates as an online retailer of short-haul beach holidays under the On the Beach brand name. It operates through four segments: OTB, International, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.