On the Beach Group (LON:OTB) Trading Up 12.4% Following Analyst Upgrade

Shares of On the Beach Group plc (LON:OTB) were up 12.4% on Tuesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 320 to GBX 345. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. On the Beach Group traded as high as GBX 224 and last traded at GBX 216.50. Approximately 2,965,582 shares were traded during mid-day trading, an increase of 245% from the average daily volume of 860,012 shares. The stock had previously closed at GBX 192.60.

Other research analysts have also issued reports about the company. Berenberg Bank dropped their price target on On the Beach Group from GBX 330 to GBX 300 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Peel Hunt reaffirmed a “buy” rating and set a GBX 350 target price on shares of On the Beach Group in a research note on Tuesday. Canaccord Genuity Group reduced their price target on shares of On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating for the company in a research report on Thursday, September 25th. Panmure Gordon restated a “buy” rating and set a GBX 300 price target on shares of On the Beach Group in a report on Monday, November 24th. Finally, Shore Capital reiterated a “hold” rating on shares of On the Beach Group in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, On the Beach Group has an average rating of “Moderate Buy” and an average price target of GBX 303.

On the Beach Group Stock Performance

The company has a market cap of £315.89 million, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 1.53. The stock’s 50-day moving average price is GBX 210.77 and its 200 day moving average price is GBX 252.02.

On the Beach Group (LON:OTB) last released its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 19 earnings per share (EPS) for the quarter. On the Beach Group had a net margin of 8.66% and a return on equity of 8.73%. As a group, research analysts expect that On the Beach Group plc 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.