On the Beach Group (LON:OTB) Sets New 1-Year High – Still a Buy?

On the Beach Group plc (LON:OTB)’s share price reached a new 52-week high on Wednesday . The company traded as high as GBX 265.50 ($3.29) and last traded at GBX 258.50 ($3.20), with a volume of 732553 shares. The stock had previously closed at GBX 256.50 ($3.18).

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OTB. Shore Capital reiterated a “buy” rating on shares of On the Beach Group in a research note on Wednesday, December 4th. Berenberg Bank reissued a “buy” rating and set a GBX 180 ($2.23) price objective on shares of On the Beach Group in a research note on Tuesday, October 15th. Finally, Canaccord Genuity Group reduced their target price on On the Beach Group from GBX 220 ($2.73) to GBX 187 ($2.32) and set a “buy” rating for the company in a research report on Wednesday, October 16th.

On the Beach Group Trading Up 2.6 %

The stock’s 50 day simple moving average is GBX 230.98 and its 200 day simple moving average is GBX 176.64. The firm has a market cap of £430.00 million, a PE ratio of 2,861.11, a PEG ratio of 0.71 and a beta of 2.42. The company has a debt-to-equity ratio of 34.49, a quick ratio of 0.83 and a current ratio of 1.20.

On the Beach Group (LON:OTB) last announced its earnings results on Tuesday, December 3rd. The company reported GBX 14.10 ($0.17) earnings per share (EPS) for the quarter. On the Beach Group had a net margin of 8.65% and a return on equity of 9.78%. On average, sell-side analysts forecast that On the Beach Group plc will post 17.3349938 earnings per share for the current fiscal year.

On the Beach Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, March 4th. Investors of record on Thursday, January 30th will be issued a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 1.02%. This is a boost from On the Beach Group’s previous dividend of $0.90. The ex-dividend date of this dividend is Thursday, January 30th. On the Beach Group’s dividend payout ratio (DPR) is currently 1,111.11%.

Insider Buying and Selling

In other On the Beach Group news, insider Simon Cooper purchased 3,000,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of GBX 228 ($2.83) per share, with a total value of £6,840,000 ($8,476,886.85). Also, insider Shaun Morton acquired 12,013 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of GBX 209 ($2.59) per share, with a total value of £25,107.17 ($31,115.59). 10.69% of the stock is currently owned by corporate insiders.

On the Beach Group Company Profile

On the Beach is one of the UK’s leading online retailers of beach holidays and has a 20%+ share of online sales in the short haul beach holiday market. Our vision is to build Europe’s leading beach holiday retailer via a single platform, multi-brand strategy. We’re totally focused on making it easy for people to find, book and enjoy their perfect beach holiday.

We were one of the first online travel agents in the UK to offer complete financial protection, meaning every flight-inclusive package is ATOL-protected.