Peel Hunt Increases On The Beach Group (OTB) Price Target to GBX 600

On The Beach Group (LON:OTB) had its target price lifted by Peel Hunt from GBX 550 ($7.71) to GBX 600 ($8.41) in a research note released on Friday morning. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Numis Securities reissued a buy rating and set a GBX 552 ($7.74) price target on shares of On The Beach Group in a research report on Monday, December 18th. Berenberg Bank boosted their price objective on On The Beach Group from GBX 470 ($6.59) to GBX 520 ($7.29) and gave the stock a buy rating in a report on Friday, November 10th.

On The Beach Group (LON:OTB) opened at GBX 522 ($7.32) on Friday. The firm has a market capitalization of $682.23 and a P/E ratio of 3,728.57. On The Beach Group has a 12-month low of GBX 3.95 ($0.06) and a 12-month high of GBX 549 ($7.70).

On The Beach Group (LON:OTB) last announced its quarterly earnings results on Thursday, November 30th. The company reported GBX 17.60 ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 17.50 ($0.25) by GBX 0.10 ($0.00). The firm had revenue of GBX 8,356 million for the quarter. On The Beach Group had a return on equity of 21.95% and a net margin of 22.24%.

The company also recently disclosed a dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 11th will be issued a dividend of GBX 1.90 ($0.03) per share. This represents a dividend yield of 0.42%. The ex-dividend date is Thursday, January 11th. This is a boost from On The Beach Group’s previous dividend of $0.90.

In other news, insider Paul Meehan acquired 22,222 shares of On The Beach Group stock in a transaction dated Thursday, December 21st. The stock was bought at an average price of GBX 450 ($6.31) per share, for a total transaction of £99,999 ($140,211.72). In the last 90 days, insiders have bought 22,269 shares of company stock valued at $10,020,355.

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About On The Beach Group

On the Beach Group plc is a United Kingdom-based online travel agent. The Company operates in two segments: Core and International. The Company’s core segment conducts its activity through the United Kingdom Website (UK). The Company’s international segment conducts its activity through Swedish Website (eBeach.se).

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