On the Beach Group (LON:OTB) Shares Pass Above 50 Day Moving Average – What’s Next?

On the Beach Group plc (LON:OTB) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 167.38 and traded as high as GBX 193.40. On the Beach Group shares last traded at GBX 187.60, with a volume of 534,550 shares.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on OTB shares. Berenberg Bank dropped their price objective 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. Deutsche Bank Aktiengesellschaft decreased their target price on On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Royal Bank Of Canada lowered their price target on On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating for the company in a report on Tuesday, May 19th. Canaccord Genuity Group dropped 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 research note 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 objective on the stock in a report on Tuesday, June 9th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 283.43.

On the Beach Group Trading Up 0.3%

The company has a debt-to-equity ratio of 23.85, a current ratio of 1.21 and a quick ratio of 0.83. The firm has a market capitalization of £270.68 million, a PE ratio of 15.90, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29. The business’s 50-day moving average price is GBX 167.38 and its 200-day moving average price is GBX 177.44.

On the Beach Group (LON:OTB) last posted 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 for the quarter. On the Beach Group had a net margin of 3.11% and a return on equity of 2.40%. As a group, analysts expect that On the Beach Group plc will post 17.3349938 earnings per share 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.