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.
Read Our Latest Research Report on OTB
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
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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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