On the Beach Group (LON:OTB) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

On the Beach Group plc (LON:OTB)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 211.18 and traded as high as GBX 230.25. On the Beach Group shares last traded at GBX 225, with a volume of 1,560,528 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OTB. Shore Capital restated a “hold” rating on shares of On the Beach Group in a report on Tuesday, December 2nd. Peel Hunt reiterated a “buy” rating and issued a GBX 350 price objective on shares of On the Beach Group in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on On the Beach Group from GBX 320 to GBX 345 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Berenberg Bank decreased 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 note on Tuesday, November 11th. Finally, Canaccord Genuity Group cut their price objective on 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. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 303.

On the Beach Group Stock Down 1.3%

The business has a 50 day simple moving average of GBX 211.18 and a 200 day simple moving average of GBX 250.55. The company has a market capitalization of £326.04 million, a price-to-earnings ratio of 14.90, a PEG ratio of 0.71 and a beta of 2.42. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83.

On the Beach Group (LON:OTB) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 19 earnings per share for the quarter. On the Beach Group had a return on equity of 8.73% and a net margin of 8.66%. As a group, equities analysts predict that On the Beach Group plc will post 17.3349938 earnings per share for the current fiscal year.

Insider Buying and Selling

In other On the Beach Group news, insider Zoe Harris purchased 10,357 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was acquired at an average price of GBX 214 per share, for a total transaction of £22,163.98. Also, insider Simon Cooper acquired 13,338 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were bought at an average cost of GBX 214 per share, for a total transaction of £28,543.32. Insiders have acquired a total of 32,012 shares of company stock valued at $6,850,568 in the last ninety days. Company insiders own 9.01% of the company’s stock.

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.