On the Beach Group plc (LON:OTB) Receives Average Rating of “Buy” from Brokerages

Shares of On the Beach Group plc (LON:OTB – Get Free Report) have been given an average recommendation of “Buy” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 283.43.

Several equities analysts recently issued reports on OTB shares. Canaccord Genuity Group reduced 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. Berenberg Bank cut their price target on shares of On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating on the stock in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of 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. Shore Capital Group upgraded shares of On the Beach Group to a “buy” rating and set a GBX 210 price objective for the company in a report on Tuesday, June 9th. Finally, Royal Bank Of Canada dropped their target price on shares of On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating for the company in a research report on Tuesday, May 19th.

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On the Beach Group Price Performance

Shares of On the Beach Group stock opened at GBX 187.82 on Friday. The company has a fifty day moving average of GBX 183.87 and a 200-day moving average of GBX 173.34. 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 280. The stock has a market capitalization of £270.35 million, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29.

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.

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