On the Beach Group plc (LON:OTB) Receives GBX 283.43 Consensus Target Price from Brokerages

On the Beach Group plc (LON:OTB) has been assigned an average rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is GBX 283.43.

OTB has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Canaccord Genuity Group decreased their price target on shares of On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Royal Bank Of Canada lowered their price objective on shares of On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating on the stock in a research report on Tuesday, May 19th. Shore Capital Group raised shares of On the Beach Group to a “buy” rating and set a GBX 210 price objective for the company in a report on Tuesday, June 9th. Finally, Berenberg Bank cut their target price on shares of On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating for the company in a research report on Monday, May 18th.

On the Beach Group Price Performance

Shares of LON OTB opened at GBX 174.48 on Thursday. The stock’s 50-day simple moving average is GBX 161.22 and its two-hundred day simple moving average is GBX 178.98. On the Beach Group has a twelve month low of GBX 129.40 and a twelve month high of GBX 297. The firm has a market capitalization of £251.75 million, a P/E ratio of 14.79, a P/E/G ratio of 0.71 and a beta of 1.29. 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 issued its quarterly earnings results on Tuesday, May 12th. The company reported GBX 1.20 earnings per share (EPS) for the quarter. On the Beach Group had a return on equity of 2.40% and a net margin of 3.11%.The firm had revenue of GBX 5,220 million during the quarter. As a group, equities analysts anticipate that On the Beach Group will post 17.3349938 EPS for the current fiscal 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.