Shares of On the Beach Group plc (LON:OTB - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 178.04 and traded as high as GBX 199.75. On the Beach Group shares last traded at GBX 192.80, with a volume of 524,384 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on OTB. Royal Bank Of Canada lowered their price objective on shares of On the Beach Group from GBX 305 to GBX 290 and set an "outperform" rating on the stock in a report on Tuesday, May 19th. Canaccord Genuity Group reduced their price objective on shares of On the Beach Group from GBX 293 to GBX 240 and set a "buy" rating for the company in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of On the Beach Group from GBX 345 to GBX 314 and set a "buy" rating for the company in a research report on Wednesday, May 13th. Shore Capital Group upgraded shares of On the Beach Group to a "buy" rating and set a GBX 210 target price on the stock in a report on Tuesday, June 9th. Finally, Berenberg Bank dropped their price target on shares of On the Beach Group from GBX 330 to GBX 280 and set a "buy" rating on the stock in a research report on Monday, May 18th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of GBX 283.43.
Get Our Latest Stock Analysis on OTB
On the Beach Group Price Performance
The company has a fifty day moving average of GBX 178.04 and a 200-day moving average of GBX 175.23. The firm has a market cap of £277.52 million, a P/E ratio of 16.34, a P/E/G ratio of 0.71 and a beta of 1.29. The company has a debt-to-equity ratio of 23.85, a current ratio of 1.21 and a quick ratio of 0.83.
On the Beach Group Company Profile
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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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