On the Beach Group plc (LON:OTB - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 177.70 and traded as high as GBX 185.20. On the Beach Group shares last traded at GBX 185.20, with a volume of 782,137 shares changing hands.
Analyst Ratings Changes
Several research analysts have recently issued reports on OTB shares. Canaccord Genuity Group decreased their target price on On the Beach Group from GBX 240 to GBX 220 and set a "buy" rating for the company in a research report on Friday, September 25th. Shore Capital Group restated a "buy" rating and set a GBX 200 target price on shares of On the Beach Group in a report on Thursday, September 24th. Finally, Berenberg Bank reduced their target price on shares of On the Beach Group from GBX 280 to GBX 240 and set a "buy" rating on the stock in a research report on Thursday, October 8th. Seven research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 273.43.
View Our Latest Analysis on On the Beach Group
On the Beach Group Price Performance
The firm has a fifty day moving average of GBX 175.92 and a 200 day moving average of GBX 177.70. The company has a market capitalization of £261.55 million, a P/E ratio of 15.69, a P/E/G ratio of 0.71 and a beta of 1.34. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 23.85.
Insider Activity
In related news, insider Simon Cooper purchased 500,000 shares of On the Beach Group stock in a transaction dated Wednesday, October 7th. The stock was purchased at an average cost of GBX 174 per share, for a total transaction of £870,000. 9.48% of the stock is currently owned by insiders.
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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