On the Beach Group (LON:OTB) Stock Price Passes Above Fifty Day Moving Average of $145.47

On the Beach Group plc (LON:OTB) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 145.47 ($1.92) and traded as high as GBX 155.60 ($2.05). On the Beach Group shares last traded at GBX 152.80 ($2.02), with a volume of 90,284 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Berenberg Bank downgraded shares of On the Beach Group to a “buy” rating and set a GBX 180 ($2.37) price target on the stock. in a research note on Tuesday, May 28th. Shore Capital reissued a “buy” rating on shares of On the Beach Group in a research note on Tuesday, May 14th.

On the Beach Group Trading Down 0.9 %

The company has a market capitalization of £255.16 million, a PE ratio of 1,697.78, a PEG ratio of 0.71 and a beta of 2.45. The company has a fifty day simple moving average of GBX 145.47 and a 200-day simple moving average of GBX 147.43. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 34.49.

About On the Beach Group

On the Beach Group plc operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom. It operates through three segments: OTB, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.