On the Beach Group (LON:OTB) Upgraded to Buy at Shore Capital Group

On the Beach Group (LON:OTB) was upgraded by investment analysts at Shore Capital Group to a “buy” rating in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The brokerage currently has a GBX 210 target price on the stock. Shore Capital Group’s target price would suggest a potential upside of 37.25% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. Canaccord Genuity Group reduced their target price on shares of On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Berenberg Bank cut their price objective 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. Royal Bank Of Canada reduced 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. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 283.43.

On the Beach Group Stock Performance

Shares of LON OTB traded up GBX 2 during trading on Tuesday, reaching GBX 153. 3,086,956 shares of the stock traded hands, compared to its average volume of 1,713,157. The company has a debt-to-equity ratio of 23.85, a current ratio of 1.21 and a quick ratio of 0.83. The stock has a market capitalization of £221.70 million, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. On the Beach Group has a 52-week low of GBX 129.40 and a 52-week high of GBX 304.50. The company has a 50-day moving average of GBX 158.12 and a 200-day moving average of GBX 188.61.

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

Insider Buying and Selling at On the Beach Group

In other news, insider Shaun Morton purchased 991 shares of the stock in a transaction dated Monday, April 20th. The shares were purchased at an average cost of GBX 185 per share, with a total value of £1,833.35. 9.24% of the stock is currently owned by corporate insiders.

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.