On the Beach Group (LON:OTB) Shares Cross Below 50-Day Moving Average - Time to Sell?

Key Points

• Shares of On the Beach Group fell below its 50-day moving average on Friday, trading as low as GBX 159.40 and last at GBX 160.80 on volume of 295,691, a decline of about 1.6%.
• Analysts remain broadly positive — five Buys and one Hold give a consensus “Moderate Buy” with an average target of GBX 308, well above the current price, while the company shows a P/E of 10.65 and a market cap of £233.0M.

Shares of On the Beach Group plc (LON:OTB - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 194.88 and traded as low as GBX 159.40. On the Beach Group shares last traded at GBX 160.80, with a volume of 295,691 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Shore Capital Group reissued a "hold" rating on shares of On the Beach Group in a report on Thursday, March 12th. Peel Hunt reiterated a "buy" rating and issued a GBX 350 price target on shares of On the Beach Group in a report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of On the Beach Group from GBX 320 to GBX 345 and gave the company a "buy" rating in a research note on Tuesday, December 2nd. Finally, Berenberg Bank restated a "buy" rating and set a GBX 330 target price on shares of On the Beach Group in a research report on Monday, January 19th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, On the Beach Group presently has an average rating of "Moderate Buy" and an average target price of GBX 308.

On the Beach Group Stock Down 1.6%

The company has a current ratio of 1.28, a quick ratio of 0.83 and a debt-to-equity ratio of 1.40. The firm has a market cap of £233.01 million, a price-to-earnings ratio of 10.65, a P/E/G ratio of 0.71 and a beta of 1.30. The firm has a 50 day moving average price of GBX 194.88 and a 200-day moving average price of GBX 212.09.

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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