On the Beach Group (LON:OTB) Receives “Hold” Rating from Shore Capital Group

Shore Capital Group restated their hold rating on shares of On the Beach Group (LON:OTB) in a report released on Thursday morning, Marketbeat.com reports.

Several other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of On the Beach Group from GBX 320 to GBX 345 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Peel Hunt restated a “buy” rating and set a GBX 350 price target on shares of On the Beach Group in a research note on Tuesday, December 2nd. Berenberg Bank restated a “buy” rating and set a GBX 330 price target on shares of On the Beach Group in a report on Monday, January 19th. Finally, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 300 price objective on shares of On the Beach Group in a research note on Monday, November 24th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 308.

On the Beach Group Stock Performance

Shares of OTB stock opened at GBX 169 on Thursday. The firm has a market capitalization of £244.89 million, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.71 and a beta of 1.30. 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 has a 12-month low of GBX 164.80 and a 12-month high of GBX 304.50. The business has a 50 day simple moving average of GBX 207.21 and a 200 day simple moving average of GBX 221.23.

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.