On the Beach Group (LON:OTB) Shares Cross Below 50 Day Moving Average - What's Next?

Key Points

• On the Beach Group's shares crossed below the fifty-day moving average of GBX 263.93, trading as low as GBX 215.50 during recent trading sessions.
• Analysts have a generally positive outlook on the stock, with four investment firms rating it as a "Buy" and an average price target of GBX 270.
• The company maintains significant market capitalization of £339.55 million and showcases strong growth potential as one of the UK's largest online holiday package specialists.

On the Beach Group plc (LON:OTB - Get Free Report) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 263.93 ($3.56) and traded as low as GBX 215.50 ($2.91). On the Beach Group shares last traded at GBX 217 ($2.93), with a volume of 1,568,554 shares traded.

Analyst Ratings Changes

A number of research firms have weighed in on OTB. Canaccord Genuity Group dropped their price target on shares of On the Beach Group from GBX 313 to GBX 293 and set a "buy" rating for the company in a research report on Thursday, September 25th. Shore Capital reissued a "buy" rating on shares of On the Beach Group in a report on Wednesday, September 24th. Finally, Berenberg Bank lowered their target price on shares of On the Beach Group from GBX 340 to GBX 330 and set a "buy" rating on the stock in a report on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of GBX 270.

On the Beach Group Trading Down 2.3%

The stock's fifty day moving average price is GBX 263.93 and its 200 day moving average price is GBX 263.94. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83. The stock has a market capitalization of £339.55 million, a P/E ratio of 2,358.70, a PEG ratio of 0.71 and a beta of 2.42.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.