On the Beach Group (LON:OTB) Given New GBX 220 Price Target at Canaccord Genuity Group

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

Separately, Shore Capital Group reaffirmed a “buy” rating and set a GBX 200 target price on shares of On the Beach Group in a research report on Thursday. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, On the Beach Group has a consensus rating of “Buy” and a consensus 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 52-week low of GBX 129.40 and a 52-week high of GBX 234. The stock has a market cap of £243.03 million, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29. The business’s 50 day moving average is GBX 183.17 and its 200 day moving average is GBX 170.79. 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 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.