Berenberg Bank Has Lowered Expectations for On the Beach Group (LON:OTB) Stock Price

On the Beach Group (LON:OTB) had its price objective decreased by investment analysts at Berenberg Bank from GBX 340 to GBX 330 in a research note issued to investors on Thursday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 51.38% from the company’s current price.

Several other research firms have also issued reports on OTB. Shore Capital reissued a “buy” rating on shares of On the Beach Group in a report on Wednesday. Canaccord Genuity Group cut their price target on On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating for the company in a report on Thursday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 270.

On the Beach Group Stock Performance

LON:OTB opened at GBX 218 on Thursday. The stock has a 50-day simple moving average of GBX 270.62 and a two-hundred day simple moving average of GBX 264.28. On the Beach Group has a 52-week low of GBX 132.20 and a 52-week high of GBX 304.50. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.83 and a current ratio of 1.37. The firm has a market capitalization of £341.11 million, a PE ratio of 2,369.57, a P/E/G ratio of 0.71 and a beta of 2.42.

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.