On the Beach Group (LON:OTB) Stock Price Target Lowered at Berenberg Bank

On the Beach Group (LON:OTB) had its price objective decreased by Berenberg Bank from GBX 280 to GBX 240 in a report published on Thursday morning, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Several other research firms have also recently issued reports on OTB. Shore Capital Group reissued a “buy” rating and set a GBX 200 target price on shares of On the Beach Group in a research note on Thursday, September 24th. Canaccord Genuity Group decreased their price target on On the Beach Group from GBX 240 to GBX 220 and set a “buy” rating on the stock in a research note on Friday, September 25th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, On the Beach Group currently has an average rating of “Buy” and a consensus target price of GBX 273.43.

On the Beach Group Stock Down 0.9%

OTB stock opened at GBX 174.80 on Thursday. The firm has a market cap of £246.87 million, a PE ratio of 14.81, a PEG ratio of 0.71 and a beta of 1.30. The company has a debt-to-equity ratio of 23.85, a quick ratio of 0.83 and a current ratio of 1.21. The firm’s 50 day moving average price is GBX 182.31 and its 200-day moving average price is GBX 171. On the Beach Group has a one year low of GBX 129.40 and a one year high of GBX 234.

Insider Buying and Selling at On the Beach Group

In related news, insider Simon Cooper acquired 500,000 shares of the stock in a transaction that occurred on Wednesday, October 7th. The stock was purchased at an average price of GBX 174 per share, with a total value of £870,000. Insiders own 9.48% of the company’s stock.

About On the Beach Group

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.