On the Beach Group (LON:OTB) Hits New 12-Month Low – Here’s What Happened

On the Beach Group plc (LON:OTB) reached a new 52-week low during trading on Friday . The company traded as low as GBX 161.38 and last traded at GBX 162.72, with a volume of 3216075 shares traded. The stock had previously closed at GBX 167.

Analyst Upgrades and Downgrades

OTB has been the subject of several recent analyst reports. Panmure Gordon restated a “buy” rating and set a GBX 300 target price on shares of On the Beach Group in a research note on Monday, November 24th. Shore Capital Group reissued a “hold” rating on shares of On the Beach Group in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of On the Beach Group from GBX 320 to GBX 345 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Peel Hunt reiterated a “buy” rating and set a GBX 350 price objective on shares of On the Beach Group in a research note on Tuesday, December 2nd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 330 price objective on shares of On the Beach Group in a report on Monday, January 19th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 308.

On the Beach Group Trading Down 2.6%

The stock has a market cap of £235.78 million, a price-to-earnings ratio of 10.78, a P/E/G ratio of 0.71 and a beta of 1.30. The business’s fifty day simple moving average is GBX 207.21 and its 200 day simple moving average is GBX 221.23. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.28 and a quick ratio of 0.83.

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. Our model is customer-centric, asset light, profitable and cash generative.