On the Beach Group (LON:OTB) Stock Passes Above 50-Day Moving Average of $146.68

Shares of On the Beach Group plc (LON:OTB) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 146.68 ($1.92) and traded as high as GBX 148.20 ($1.94). On the Beach Group shares last traded at GBX 145.80 ($1.91), with a volume of 237,360 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on OTB shares. Shore Capital reaffirmed a “buy” rating on shares of On the Beach Group in a research note on Tuesday, May 14th. Berenberg Bank downgraded shares of On the Beach Group to a “buy” rating and set a GBX 180 ($2.35) price target for the company. in a research note on Tuesday, May 28th.

On the Beach Group Price Performance

The business’s 50 day moving average is GBX 146.68 and its two-hundred day moving average is GBX 147.79. The firm has a market cap of £242.25 million, a P/E ratio of 1,620.00, a P/E/G ratio of 0.71 and a beta of 2.45. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 34.49.

On the Beach Group Company Profile

On the Beach Group plc operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom. It operates through three segments: OTB, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.