On the Beach Group (LON:OTB) Stock Passes Below 50-Day Moving Average – Here’s What Happened

On the Beach Group plc (LON:OTBGet Free Report) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 159.14 and traded as low as GBX 141.40. On the Beach Group shares last traded at GBX 142.80, with a volume of 410,639 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OTB. Royal Bank Of Canada lowered their target price on On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating on the stock in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft lowered their price target on On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Berenberg Bank lowered their price target on On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating on the stock in a research report on Monday, May 18th. Shore Capital Group reiterated a “hold” rating on shares of On the Beach Group in a research report on Thursday, March 12th. Finally, Canaccord Genuity Group lowered their price target on On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 286.29.

Check Out Our Latest Stock Analysis on On the Beach Group

On the Beach Group Stock Up 0.5%

The company has a market cap of £207.87 million, a PE ratio of 9.50, a P/E/G ratio of 0.71 and a beta of 1.35. The business has a 50-day simple moving average of GBX 159.14 and a 200-day simple moving average of GBX 189.79. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 23.85.

On the Beach Group (LON:OTBGet Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported GBX 1.20 earnings per share (EPS) for the quarter. The company had revenue of GBX 5,220 million for the quarter. On the Beach Group had a return on equity of 2.40% and a net margin of 3.11%. Equities research analysts anticipate that On the Beach Group plc will post 17.3349938 EPS for the current year.

Insider Activity at On the Beach Group

In other news, insider Shaun Morton bought 991 shares of On the Beach Group stock in a transaction on Monday, April 20th. The stock was acquired at an average price of GBX 185 per share, with a total value of £1,833.35. 9.03% of the stock is owned by insiders.

On the Beach Group Company Profile

(Get Free Report)

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.

Further Reading

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