Deutsche Bank Aktiengesellschaft Lowers On the Beach Group (LON:OTB) Price Target to GBX 314

On the Beach Group (LON:OTB) had its target price cut by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 345 to GBX 314 in a report issued on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 118.67% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Shore Capital Group reiterated a “hold” rating on shares of On the Beach Group in a research report on Thursday, March 12th. Berenberg Bank reissued a “buy” rating and issued a GBX 330 price objective on shares of On the Beach Group in a research note on Monday, January 19th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, On the Beach Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 294.

On the Beach Group Trading Up 3.5%

Shares of LON:OTB opened at GBX 143.60 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.28 and a quick ratio of 0.83. On the Beach Group has a 1 year low of GBX 135 and a 1 year high of GBX 304.50. The company has a market capitalization of £208.08 million, a P/E ratio of 9.51, a P/E/G ratio of 0.71 and a beta of 1.35. The business’s 50 day simple moving average is GBX 171.48 and its 200 day simple moving average is GBX 198.05.

On the Beach Group (LON:OTB) last released its earnings results on Tuesday, May 12th. The company reported GBX 1.20 earnings per share (EPS) for the quarter. On the Beach Group had a return on equity of 5.43% and a net margin of 7.08%.The firm had revenue of GBX 5,220 million for the quarter. On average, research analysts anticipate that On the Beach Group will post 17.3349938 EPS for the current fiscal year.

Insider Buying and Selling

In other On the Beach Group news, insider Shaun Morton purchased 991 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was acquired at an average price of GBX 185 per share, for a total transaction of £1,833.35. Company insiders own 9.03% 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. Our model is customer-centric, asset light, profitable and cash generative.