Berenberg Bank Reaffirms “Buy” Rating for On the Beach Group (LON:OTB)

On the Beach Group (LON:OTB)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a report issued on Monday, MarketBeat reports. They currently have a GBX 330 price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 55.75% from the stock’s current price.

A number of other equities research analysts also recently weighed in on OTB. Canaccord Genuity Group decreased their price target on shares of On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Panmure Gordon reissued a “buy” rating and issued a GBX 300 target price on shares of On the Beach Group in a research note on Monday, November 24th. Peel Hunt reissued a “buy” rating and issued a GBX 350 price target on shares of On the Beach Group in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on On the Beach Group from GBX 320 to GBX 345 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, Shore Capital reissued a “hold” rating on shares of On the Beach Group in a report on Tuesday, December 2nd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 308.

On the Beach Group Price Performance

LON OTB opened at GBX 211.88 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of £307.03 million, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. On the Beach Group has a 12-month low of GBX 182 and a 12-month high of GBX 304.50. The company has a 50 day moving average price of GBX 214.97 and a two-hundred day moving average price of GBX 240.56.

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

Insider Buying and Selling

In other On the Beach Group news, insider Zoe Harris bought 10,357 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were bought at an average cost of GBX 214 per share, for a total transaction of £22,163.98. Also, insider Jon Wormald acquired 8,317 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were bought at an average cost of GBX 214 per share, with a total value of £17,798.38. Insiders purchased 32,012 shares of company stock worth $6,850,568 in the last quarter. Insiders own 9.01% of the company’s stock.

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.