On the Beach Group (LON:OTB) Share Price Passes Above 50-Day Moving Average – What’s Next?

Shares of On the Beach Group plc (LON:OTB) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 159.26 and traded as high as GBX 173. On the Beach Group shares last traded at GBX 170.50, with a volume of 2,741,487 shares changing hands.

Analyst Upgrades and Downgrades

OTB has been the topic of a number of research reports. Canaccord Genuity Group dropped their price objective on On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Berenberg Bank lowered their target price on On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating on the stock in a report on Monday, May 18th. Royal Bank Of Canada dropped their price target 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. Deutsche Bank Aktiengesellschaft dropped their price target on shares of On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Finally, Shore Capital Group raised shares of On the Beach Group to a “buy” rating and set a GBX 210 price target for the company in a report on Tuesday, June 9th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, On the Beach Group has an average rating of “Buy” and a consensus target price of GBX 283.43.

On the Beach Group Stock Performance

The stock has a market cap of £251.61 million, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29. The company’s 50-day simple moving average is GBX 159.50 and its 200-day simple moving average is GBX 180.42. 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 announced its quarterly earnings data on Tuesday, May 12th. The company reported GBX 1.20 EPS for the quarter. The company had revenue of GBX 5,220 million during the quarter. On the Beach Group had a return on equity of 2.40% and a net margin of 3.11%. Analysts predict that On the Beach Group plc will post 17.3349938 EPS for the current fiscal year.

Insider Activity at On the Beach Group

In related news, insider Shaun Morton bought 991 shares of On the Beach Group stock in a transaction dated Monday, April 20th. The stock was acquired at an average cost of GBX 185 per share, with a total value of £1,833.35. 9.28% of the stock is currently owned by corporate insiders.

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.