Canaccord Genuity Group Cuts On the Beach Group (LON:OTB) Price Target to GBX 240

On the Beach Group (LON:OTB) had its price objective trimmed by Canaccord Genuity Group from GBX 293 to GBX 240 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft dropped their price objective on On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating for the company in a research note on Wednesday. Shore Capital Group restated a “hold” rating on shares of On the Beach Group in a report on Thursday, March 12th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 330 target price on shares of On the Beach Group in a report on Monday, January 19th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 294.

On the Beach Group Stock Down 1.0%

Shares of OTB opened at GBX 140.20 on Wednesday. The firm has a market cap of £203.16 million, a P/E ratio of 9.28, a P/E/G ratio of 0.71 and a beta of 1.35. The stock has a 50 day simple moving average of GBX 168.31 and a two-hundred day simple moving average of GBX 196.58. The company has a debt-to-equity ratio of 23.85, a current ratio of 1.21 and a quick ratio of 0.83. On the Beach Group has a 1 year low of GBX 135 and a 1 year high of GBX 304.50.

On the Beach Group (LON:OTB) last issued its earnings results on Tuesday, May 12th. The company reported GBX 1.20 earnings per share (EPS) for the quarter. The business had revenue of GBX 5,220 million during the quarter. On the Beach Group had a return on equity of 2.40% and a net margin of 3.11%. On average, analysts forecast that On the Beach Group will post 17.3349938 earnings per share for the current fiscal year.

Insider Buying and Selling at On the Beach Group

In other On the Beach Group news, insider Shaun Morton acquired 991 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was purchased at an average price of GBX 185 per share, with a total value of £1,833.35. 9.03% of the stock is owned by corporate insiders.

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.