On the Beach Group plc (LON:OTB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

On the Beach Group plc (LON:OTB) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 308.

Several analysts have issued reports on OTB shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 330 price objective on shares of On the Beach Group in a research report on Monday. Deutsche Bank Aktiengesellschaft upped their target price on shares of On the Beach Group from GBX 320 to GBX 345 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Canaccord Genuity Group cut their price objective on shares of On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating on the stock in a report on Thursday, September 25th. Peel Hunt reissued a “buy” rating and issued a GBX 350 price objective on shares of On the Beach Group in a research report on Tuesday, December 2nd. Finally, Shore Capital reaffirmed a “hold” rating on shares of On the Beach Group in a research report on Tuesday, December 2nd.

Insiders Place Their Bets

In other On the Beach Group news, insider Jon Wormald bought 8,317 shares of On the Beach Group stock in a transaction dated Wednesday, December 3rd. The stock was bought at an average cost of GBX 214 per share, for a total transaction of £17,798.38. Also, insider Simon Cooper purchased 13,338 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were bought at an average cost of GBX 214 per share, with a total value of £28,543.32. Insiders have acquired 32,012 shares of company stock worth $6,850,568 in the last three months. 9.01% of the stock is owned by insiders.

On the Beach Group Trading Up 0.8%

Shares of OTB opened at GBX 213.16 on Thursday. On the Beach Group has a 12 month low of GBX 182 and a 12 month high of GBX 304.50. The stock’s 50-day moving average is GBX 215.01 and its two-hundred day moving average is GBX 240.35. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83. The stock has a market cap of £308.87 million, a PE ratio of 14.12, a P/E/G ratio of 0.71 and a beta of 2.42.

On the Beach Group (LON:OTB) last posted its earnings results on Tuesday, December 2nd. The company reported GBX 19 earnings per share (EPS) for the quarter. On the Beach Group had a return on equity of 8.73% and a net margin of 8.66%. Equities analysts forecast that On the Beach Group will post 17.3349938 earnings per share for the current fiscal 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.