On the Beach Group (LON:OTB) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• On the Beach Group shares moved above their 50-day moving average of GBX 183.76 during Wednesday trading, reaching GBX 185.60 before closing at GBX 181.20 on volume of 565,157 shares.
• Analysts remain broadly positive, with all seven covering analysts rating the stock a Buy and a consensus price target of GBX 283.43, despite several firms recently lowering their targets.
• The company has a market capitalization of approximately £260.82 million, a P/E ratio of 15.36 and a 200-day moving average of GBX 173.45, while maintaining relatively modest leverage with a debt-to-equity ratio of 23.85.

On the Beach Group plc (LON:OTB - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 183.76 and traded as high as GBX 185.60. On the Beach Group shares last traded at GBX 181.20, with a volume of 565,157 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada dropped their price objective on On the Beach Group from GBX 305 to GBX 290 and set an "outperform" rating for the company in a research note on Tuesday, May 19th. Berenberg Bank reduced their target price on shares of On the Beach Group from GBX 330 to GBX 280 and set a "buy" rating on the stock in a report on Monday, May 18th. Shore Capital Group raised On the Beach Group to a "buy" rating and set a GBX 210 target price for the company in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on On the Beach Group from GBX 345 to GBX 314 and set a "buy" rating for the company in a research note on Wednesday, May 13th. Finally, Canaccord Genuity Group cut their target price on shares of On the Beach Group from GBX 293 to GBX 240 and set a "buy" rating on the stock in a research note on Wednesday, May 13th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of GBX 283.43.

On the Beach Group Price Performance

The stock has a 50-day moving average price of GBX 183.76 and a 200 day moving average price of GBX 173.45. The company has a debt-to-equity ratio of 23.85, a current ratio of 1.21 and a quick ratio of 0.83. The firm has a market cap of £260.82 million, a price-to-earnings ratio of 15.36, a PEG ratio of 0.71 and a beta of 1.29.

On the Beach Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.