On the Beach Group plc (LON:OTB) Receives GBX 283.43 Average Price Target from Analysts

Shares of On the Beach Group plc (LON:OTB) have earned a consensus recommendation of “Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 283.43.

Several brokerages have recently issued reports on OTB. Royal Bank Of Canada decreased their price objective on On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating on the stock in a report on Tuesday, May 19th. Canaccord Genuity Group cut their target price on shares of On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating for the company in a report on Wednesday, May 13th. Berenberg Bank reduced their price target on shares of On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating on the stock in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Finally, Shore Capital Group upgraded shares of On the Beach Group to a “buy” rating and set a GBX 210 price objective for the company in a research report on Tuesday, June 9th.

Insider Activity

In other On the Beach Group news, insider Shaun Morton bought 991 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were purchased at an average cost of GBX 185 per share, for a total transaction of £1,833.35. Corporate insiders own 9.28% of the company’s stock.

On the Beach Group Price Performance

LON:OTB opened at GBX 179.40 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 23.85. The company has a market capitalization of £258.85 million, a P/E ratio of 15.20, a P/E/G ratio of 0.71 and a beta of 1.29. On the Beach Group has a 12 month low of GBX 129.40 and a 12 month high of GBX 297. The business’s 50-day moving average is GBX 159.67 and its 200 day moving average is GBX 180.41.

On the Beach Group (LON:OTB) last announced its quarterly earnings results on Tuesday, May 12th. The company reported GBX 1.20 EPS for the quarter. The company had revenue of GBX 5,220 million during the quarter. On the Beach Group had a return on equity of 2.40% and a net margin of 3.11%. On average, equities research analysts forecast that On the Beach Group will post 17.3349938 earnings per share for the current fiscal year.

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. Our model is customer-centric, asset light, profitable and cash generative.