On the Beach Group plc (LON:OTB) Stock Rated "Buy" by Sell-Side Brokerages

Key Points

• On the Beach Group has a consensus “Buy” rating from all seven analysts covering the stock, with an average 12-month price target of GBX 273.43.
• Several brokers recently lowered their price targets but maintained their “Buy” recommendations: Berenberg to GBX 240, Canaccord Genuity to GBX 220, and Shore Capital kept its target at GBX 200.
• The shares opened at GBX 166.80, while insider Simon Cooper purchased 500,000 shares for £870,000 at GBX 174 each; insiders currently own 9.48% of the company.

On the Beach Group plc (LON:OTB - Get Free Report) has been given a consensus rating of "Buy" by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 273.43.

OTB has been the subject of a number of research analyst reports. Berenberg Bank cut their target price on shares of On the Beach Group from GBX 280 to GBX 240 and set a "buy" rating for the company in a research report on Thursday, October 8th. Shore Capital Group reissued a "buy" rating and set a GBX 200 price objective on shares of On the Beach Group in a research report on Thursday, September 24th. Finally, Canaccord Genuity Group decreased their target price on On the Beach Group from GBX 240 to GBX 220 and set a "buy" rating for the company in a research note on Friday, September 25th.

On the Beach Group Price Performance

LON OTB opened at GBX 166.80 on Friday. 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 fifty day simple moving average of GBX 177.41 and a 200 day simple moving average of GBX 171.45. The company has a market cap of £235.57 million, a P/E ratio of 14.14, a P/E/G ratio of 0.71 and a beta of 1.30. On the Beach Group has a 1 year low of GBX 129.40 and a 1 year high of GBX 234.

Insider Activity at On the Beach Group

In other On the Beach Group news, insider Simon Cooper purchased 500,000 shares of the business's stock in a transaction dated Wednesday, October 7th. The stock was bought at an average cost of GBX 174 per share, for a total transaction of £870,000. 9.48% of the stock is currently owned by company insiders.

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.

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