On the Beach Group plc (LON:OTB) Stock Has Average Target Price of GBX 273.43 According to Brokerages

Shares of On the Beach Group plc (LON:OTB) have earned an average recommendation of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 273.43.

OTB has been the topic of a number of recent research reports. Berenberg Bank decreased their target price on On the Beach Group from GBX 280 to GBX 240 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 200 price target on shares of On the Beach Group in a report on Thursday, September 24th. Finally, Canaccord Genuity Group reduced their price objective on On the Beach Group from GBX 240 to GBX 220 and set a “buy” rating for the company in a research report on Friday, September 25th.

On the Beach Group Stock Down 2.0%

Shares of OTB opened at GBX 166.80 on Friday. The company has a 50-day simple moving average of GBX 177.41 and a 200-day simple moving average of GBX 171.45. The firm has a market capitalization of £235.57 million, a P/E ratio of 14.14, a P/E/G 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. On the Beach Group has a 52 week low of GBX 129.40 and a 52 week high of GBX 234.

Insider Activity

In other news, insider Simon Cooper acquired 500,000 shares of the stock in a transaction dated Wednesday, October 7th. The shares were acquired at an average cost of GBX 174 per share, for a total transaction of £870,000. Corporate insiders own 9.48% of the company’s stock.

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.