On the Beach Group (LON:OTB) Shares Up 13.2% After Analyst Upgrade

On the Beach Group plc (LON:OTB)’s stock price shot up 13.2% during trading on Tuesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 320 to GBX 345. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. On the Beach Group traded as high as GBX 224 and last traded at GBX 218. 21,754,217 shares changed hands during trading, an increase of 2,214% from the average session volume of 940,305 shares. The stock had previously closed at GBX 192.60.

Several other brokerages have also recently commented on OTB. Berenberg Bank lowered their target price on shares of On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Peel Hunt restated a “buy” rating and set a GBX 350 price objective on shares of On the Beach Group in a research note on Tuesday. Canaccord Genuity Group cut their target price on On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating for the company in a research report on Thursday, September 25th. Panmure Gordon reissued a “buy” rating and set a GBX 300 target price on shares of On the Beach Group in a report on Monday, November 24th. Finally, Shore Capital reaffirmed a “hold” rating on shares of On the Beach Group in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, On the Beach Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 303.

On the Beach Group Price Performance

The business’s 50-day simple moving average is GBX 210.81 and its two-hundred day simple moving average is GBX 252.29. The stock has a market cap of £313.67 million, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83.

On the Beach Group (LON:OTB) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 19 EPS for the quarter. On the Beach Group had a return on equity of 8.73% and a net margin of 8.66%. Research analysts expect that On the Beach Group plc will post 17.3349938 earnings per share for the current year.

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.