On the Beach Group (LON:OTB – Get Free Report) had its price target decreased by research analysts at Canaccord Genuity Group from GBX 293 to GBX 240 in a research report issued on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 67.13% from the company’s previous close.
OTB has been the topic of several other reports. Shore Capital Group reaffirmed a “hold” rating on shares of On the Beach Group in a research report on Thursday, March 12th. Berenberg Bank restated a “buy” rating and issued a GBX 330 price objective on shares of On the Beach Group in a report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 294.
Read Our Latest Stock Analysis on On the Beach Group
On the Beach Group Trading Up 3.5%
On the Beach Group (LON:OTB – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported GBX 1.20 earnings per share for the quarter. The business had revenue of GBX 5,220 million for the quarter. On the Beach Group had a net margin of 7.08% and a return on equity of 5.43%. Analysts forecast that On the Beach Group will post 17.3349938 earnings per share for the current year.
Insider Activity at On the Beach Group
In related news, insider Shaun Morton bought 991 shares of On the Beach Group stock in a transaction that occurred on Monday, April 20th. The stock was acquired at an average price of GBX 185 per share, for a total transaction of £1,833.35. Corporate insiders own 9.03% 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.
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