Analysts Set On the Beach Group plc (LON:OTB) Price Target at GBX 283.43

Shares of On the Beach Group plc (LON:OTB) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 283.43.

A number of equities analysts have commented on OTB shares. Royal Bank Of Canada dropped their price objective on shares of On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating for the company in a research note on Tuesday, May 19th. Berenberg Bank lowered their price target on shares of On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, Shore Capital Group raised On the Beach Group to a “buy” rating and set a GBX 210 price objective on the stock in a research note on Tuesday, June 9th.

On the Beach Group Stock Up 0.1%

LON OTB opened at GBX 175.19 on Friday. The stock has a 50 day moving average price of GBX 184.12 and a 200-day moving average price of GBX 172.66. On the Beach Group has a one year low of GBX 129.40 and a one year high of GBX 271. The company has a debt-to-equity ratio of 23.85, a quick ratio of 0.83 and a current ratio of 1.21. The company has a market capitalization of £249.87 million, a P/E ratio of 14.85, a P/E/G ratio of 0.71 and a beta of 1.29.

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.