On the Beach Group (LON:OTB) Receives Buy Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of On the Beach Group (LON:OTB) in a research report released on Tuesday, Marketbeat Ratings reports.

Separately, Redburn Partners upgraded shares of On the Beach Group to a buy rating and set a GBX 240 ($3.01) target price for the company in a research note on Thursday, March 21st.

On the Beach Group Stock Performance

Shares of On the Beach Group stock opened at GBX 133.40 ($1.68) on Tuesday. The company has a market capitalization of £222.75 million, a PE ratio of 2,223.33, a P/E/G ratio of 0.71 and a beta of 2.37. The company has a 50-day simple moving average of GBX 152.88 and a two-hundred day simple moving average of GBX 147.02. On the Beach Group has a one year low of GBX 81.24 ($1.02) and a one year high of GBX 181.60 ($2.28). The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.83 and a current ratio of 1.33.

On the Beach Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 30th will be issued a GBX 0.90 ($0.01) dividend. This represents a yield of 0.54%. The ex-dividend date of this dividend is Thursday, May 30th. On the Beach Group’s dividend payout ratio is presently 5,000.00%.

Insider Activity

In related news, insider Richard Pennycook sold 38,333 shares of On the Beach Group stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of GBX 156 ($1.96), for a total value of £59,799.48 ($75,106.10). Corporate insiders own 10.71% of the company’s stock.

On the Beach Group Company Profile

On the Beach Group plc operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom. It operates through three segments: OTB, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.