On the Beach Group (LON:OTB) Shares Up 12.4% – Here’s What Happened

by · The Cerbat Gem

On the Beach Group plc (LON:OTB – Get Free Report)’s stock price was up 12.4% during mid-day trading on Tuesday . The company traded as high as GBX 224 and last traded at GBX 216.50. Approximately 2,965,582 shares traded hands during trading, an increase of 245% from the average daily volume of 860,012 shares. The stock had previously closed at GBX 192.60.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on OTB shares. Shore Capital downgraded shares of On the Beach Group to a “hold” rating and dropped their price target for the company from GBX 330 to GBX 230 in a research report on Tuesday, November 18th. Berenberg Bank lowered their price objective on On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Panmure Gordon reiterated a “buy” rating and set a GBX 300 target price on shares of On the Beach Group in a research report on Monday, November 24th. Finally, Canaccord Genuity Group reduced their target price on 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 280.75.

Get Our Latest Stock Report on On the Beach Group

On the Beach Group Trading Up 12.4%

The firm’s 50-day simple moving average is GBX 211.47 and its 200 day simple moving average is GBX 252.80. 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 firm has a market capitalization of £321.08 million, a price-to-earnings ratio of 23.53, a P/E/G ratio of 0.71 and a beta of 2.42.

On the Beach Group (LON:OTB – Get Free Report) last issued its quarterly 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 expect that On the Beach Group plc will post 17.3349938 earnings per share for the current year.

On the Beach Group Company Profile

(Get Free Report)

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.

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