On the Beach Group (LON:OTB) Insider Simon Cooper Acquires 500,000 Shares of Stock

Key Points

• Insider buying: Simon Cooper purchased 500,000 On the Beach Group shares at GBX 174 each, for a total investment of £870,000.
• Stock performance: Shares fell 0.9% to GBX 174.80, while trading below their 50-day average but above their 200-day average. The company’s market capitalization is approximately £246.87 million.
• Analyst outlook remains positive: Despite several price-target reductions, all seven covering analysts rate the stock a Buy, with a consensus target of GBX 273.43.

On the Beach Group plc (LON:OTB - Get Free Report) insider Simon Cooper acquired 500,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 7th. The shares were purchased at an average price of GBX 174 per share, with a total value of £870,000.

On the Beach Group Trading Down 0.9%

Shares of On the Beach Group stock traded down GBX 1.60 during trading hours on Thursday, hitting GBX 174.80. The company's stock had a trading volume of 553,050 shares, compared to its average volume of 1,448,159. On the Beach Group plc has a 12 month low of GBX 129.40 and a 12 month high of GBX 234. The company has a debt-to-equity ratio of 23.85, a current ratio of 1.21 and a quick ratio of 0.83. The company has a market capitalization of £246.87 million, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.71 and a beta of 1.30. The stock has a 50 day moving average of GBX 182.56 and a 200 day moving average of GBX 170.88.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Shore Capital Group reaffirmed a "buy" rating and issued a GBX 200 price objective on shares of On the Beach Group in a research report on Thursday, September 24th. Berenberg Bank decreased their price target on shares of On the Beach Group from GBX 280 to GBX 240 and set a "buy" rating for the company in a research note on Thursday. Finally, Canaccord Genuity Group cut their price objective on shares of On the Beach Group from GBX 240 to GBX 220 and set a "buy" rating on the stock in a research report on Friday, September 25th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 273.43.

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.

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