On the Beach Group (LON:OTB) Given New GBX 293 Price Target at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has decreased the target price for On the Beach Group from GBX 313 to GBX 293, although they maintain a "buy" rating on the stock, indicating a potential upside of 35.76%.
• Shore Capital also reaffirmed a "buy" rating for On the Beach, which has an average rating of "buy" from four analysts, with a suggested average price target of GBX 220.
• On the Beach Group's stock has seen a recent increase of 5.3% and currently has a market capitalization of £337.70 million.

On the Beach Group (LON:OTB - Get Free Report) had its target price decreased by equities researchers at Canaccord Genuity Group from GBX 313 to GBX 293 in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's target price points to a potential upside of 35.76% from the stock's previous close.

Separately, Shore Capital reaffirmed a "buy" rating on shares of On the Beach Group in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, On the Beach Group has an average rating of "Buy" and an average price target of GBX 220.

On the Beach Group Stock Up 5.3%

Shares of LON:OTB opened at GBX 215.82 on Thursday. On the Beach Group has a 52-week low of GBX 132.20 and a 52-week high of GBX 304.50. The company has a market capitalization of £337.70 million, a price-to-earnings ratio of 2,345.87, a price-to-earnings-growth 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. The company has a 50 day moving average of GBX 273.48 and a two-hundred day moving average of GBX 264.44.

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.

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