On the Beach Group (LON:OTB) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Shares of On the Beach Group plc (LON:OTB) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 167.38 and traded as high as GBX 193.40. On the Beach Group shares last traded at GBX 187.60, with a volume of 534,550 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently commented on OTB shares. Royal Bank Of Canada reduced their price target on On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating for the company in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Canaccord Genuity Group cut their price objective on On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Berenberg Bank reduced their target price on On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Shore Capital Group upgraded On the Beach Group to a “buy” rating and set a GBX 210 price target on the stock in a research note on Tuesday, June 9th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 283.43.

On the Beach Group Trading Up 0.3%

The company has a market cap of £270.68 million, a P/E ratio of 15.90, a PEG ratio of 0.71 and a beta of 1.29. The business has a fifty day moving average price of GBX 167.38 and a 200-day moving average price of GBX 177.44. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 23.85.

On the Beach Group (LON:OTB) last announced its earnings results on Tuesday, May 12th. The company reported GBX 1.20 earnings per share for the quarter. The company had revenue of GBX 5,220 million for 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 plc will post 17.3349938 earnings per share for the current year.

On the Beach Group Company Profile

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.