On the Beach Group’s (OTB) “Buy” Rating Reiterated at Berenberg Bank

On the Beach Group (LON:OTB)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued on Monday, MarketBeat reports. They presently have a GBX 330 target price on the stock. Berenberg Bank’s target price indicates a potential upside of 55.29% from the company’s current price.

Several other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on On the Beach Group from GBX 320 to GBX 345 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Canaccord Genuity Group reduced their target price on shares of 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. Peel Hunt restated a “buy” rating and issued a GBX 350 price target on shares of On the Beach Group in a research note on Tuesday, December 2nd. Panmure Gordon reaffirmed a “buy” rating and set a GBX 300 price target on shares of On the Beach Group in a research report on Monday, November 24th. Finally, Shore Capital reissued a “hold” rating on shares of On the Beach Group in a report on Tuesday, December 2nd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, On the Beach Group has an average rating of “Moderate Buy” and a consensus target price of GBX 308.

On the Beach Group Stock Down 1.4%

Shares of OTB opened at GBX 212.50 on Monday. The firm has a market cap of £307.92 million, a P/E ratio of 14.07, 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 quick ratio of 0.83 and a current ratio of 1.37. On the Beach Group has a 52 week low of GBX 182 and a 52 week high of GBX 304.50. The firm’s 50-day simple moving average is GBX 214.99 and its 200 day simple moving average is GBX 241.18.

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

Insider Transactions at On the Beach Group

In related news, insider Simon Cooper bought 13,338 shares of On the Beach Group stock in a transaction dated Wednesday, December 3rd. The shares were bought at an average cost of GBX 214 per share, with a total value of £28,543.32. Also, insider Jon Wormald purchased 8,317 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was bought at an average cost of GBX 214 per share, with a total value of £17,798.38. In the last three months, insiders have purchased 32,012 shares of company stock valued at $6,850,568. 9.01% of the stock is owned by corporate insiders.

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.