On the Beach Group (LON:OTB) Stock Price Target Cut by Canaccord Genuity Group

On the Beach Group (LON:OTB) had its price target dropped by equities researchers at Canaccord Genuity Group from GBX 240 to GBX 220 in a research note issued to investors on Friday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 29.11% from the stock’s previous close.

Separately, Shore Capital Group reiterated a “buy” rating and issued a GBX 200 price target on shares of On the Beach Group in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, On the Beach Group has an average rating of “Buy” and an average target price of GBX 279.14.

On the Beach Group Stock Down 2.6%

Shares of LON:OTB opened at GBX 170.40 on Friday. On the Beach Group has a 1 year low of GBX 129.40 and a 1 year high of GBX 234. The business has a 50 day simple moving average of GBX 183.17 and a two-hundred day simple moving average of GBX 170.79. The firm has a market capitalization of £243.03 million, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29. The company has a debt-to-equity ratio of 23.85, a current ratio of 1.21 and a quick ratio of 0.83.

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.