On the Beach Group (LON:OTB) Stock Price Up 11.1% – Time to Buy?

On the Beach Group plc (LON:OTB)’s share price was up 11.1% during trading on Tuesday . The company traded as high as GBX 197.52 ($2.50) and last traded at GBX 190.66 ($2.41). Approximately 9,769,311 shares traded hands during mid-day trading, an increase of 1,549% from the average daily volume of 592,532 shares. The stock had previously closed at GBX 171.60 ($2.17).

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 180 ($2.28) target price on shares of On the Beach Group in a research report on Tuesday, October 15th. Canaccord Genuity Group lowered their target price on shares of On the Beach Group from GBX 220 ($2.78) to GBX 187 ($2.37) and set a “buy” rating for the company in a research note on Wednesday, October 16th.

On the Beach Group Stock Performance

The stock has a market capitalization of £318.95 million, a price-to-earnings ratio of 1,906.67, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The company has a 50 day simple moving average of GBX 151.65 and a 200-day simple moving average of GBX 147. 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.