On the Beach Group (LON:OTB) Shares Cross Above Fifty Day Moving Average – What’s Next?

On the Beach Group plc (LON:OTB)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 183.76 and traded as high as GBX 185.60. On the Beach Group shares last traded at GBX 181.20, with a volume of 565,157 shares.

Analysts Set New Price Targets

OTB has been the subject of a number of analyst reports. Royal Bank Of Canada dropped their price target on On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating for the company in a research report on Tuesday, May 19th. Berenberg Bank reduced their price objective on On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating on the stock in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft lowered 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 dropped their target price on On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating for the company in a report on Wednesday, May 13th. Finally, Shore Capital Group raised On the Beach Group to a “buy” rating and set a GBX 210 target price for the company in a research note on Tuesday, June 9th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 283.43.

On the Beach Group Price Performance

The firm’s fifty day simple moving average is GBX 183.87 and its two-hundred day simple moving average is GBX 173.34. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 23.85. The company has a market capitalization of £264.57 million, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29.

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.