On the Beach Group (LON:OTB) Trading 12.4% Higher – What’s Next?

by · The Markets Daily

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

Wall Street Analyst Weigh In

OTB has been the topic of several analyst reports. Canaccord Genuity Group reduced 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 report on Thursday, September 25th. Berenberg Bank cut their target price on On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Shore Capital lowered On the Beach Group to a “hold” rating and decreased their price target for the company from GBX 330 to GBX 230 in a research note on Tuesday, November 18th. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 300 price target on shares of On the Beach Group in a report on Monday, November 24th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, On the Beach Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 280.75.

Read Our Latest Research Report on OTB

On the Beach Group Trading Up 12.4%

The business’s 50 day simple moving average is GBX 211.47 and its two-hundred day simple moving average is GBX 252.80. The stock has a market cap of £321.08 million, a P/E ratio of 23.53, a PEG ratio of 0.71 and a beta of 2.42. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 1.53.

On the Beach Group (LON:OTB – Get Free Report) last announced 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 net margin of 8.66% and a return on equity of 8.73%. As a group, analysts expect that On the Beach Group plc will post 17.3349938 EPS for the current year.

About On the Beach Group

(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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