On the Beach Group (LON:OTB) Trading Up 12.4% on Analyst Upgrade

Shares of On the Beach Group plc (LON:OTB) were up 12.4% during mid-day trading on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 320 to GBX 345. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. On the Beach Group traded as high as GBX 224 and last traded at GBX 216.50. Approximately 2,965,582 shares changed hands during mid-day trading, an increase of 245% from the average daily volume of 860,012 shares. The stock had previously closed at GBX 192.60.

OTB has been the subject of several other research reports. Berenberg Bank dropped their price target on shares of On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Peel Hunt reissued a “buy” rating and issued a GBX 350 target price on shares of On the Beach Group in a report on Tuesday. Canaccord Genuity Group cut their target price on On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating for the company in a research report on Thursday, September 25th. Shore Capital reaffirmed a “hold” rating on shares of On the Beach Group in a research note on Tuesday. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 300 price objective on shares of On the Beach Group in a research note on Monday, November 24th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 303.

Insider Transactions at On the Beach Group

In other On the Beach Group news, insider Zoe Harris purchased 10,357 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average cost of GBX 214 per share, for a total transaction of £22,163.98. Also, insider Simon Cooper purchased 13,338 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average cost of GBX 214 per share, with a total value of £28,543.32. Insiders have acquired 32,012 shares of company stock valued at $6,850,568 in the last three months. 8.80% of the stock is owned by corporate insiders.

On the Beach Group Trading Up 0.9%

The company’s 50-day moving average is GBX 210.77 and its 200-day moving average is GBX 252.02. The firm has a market cap of £318.86 million, a price-to-earnings ratio of 23.37, a P/E/G ratio of 0.71 and a beta of 2.42. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.83 and a current ratio of 1.37.

On the Beach Group (LON:OTB) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 19 earnings per share for the quarter. On the Beach Group had a net margin of 8.66% and a return on equity of 8.73%. On average, research analysts predict that On the Beach Group plc will post 17.3349938 earnings per share for the current year.

About On the Beach Group

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.