On the Beach Group (LON:OTB) Hits New 52-Week Low Following Analyst Downgrade

On the Beach Group plc (LON:OTB) reached a new 52-week low during mid-day trading on Wednesday after Canaccord Genuity Group lowered their price target on the stock from GBX 293 to GBX 240. Canaccord Genuity Group currently has a buy rating on the stock. On the Beach Group traded as low as GBX 135 and last traded at GBX 142.60, with a volume of 2245272 shares trading hands. The stock had previously closed at GBX 138.80.

OTB has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating on the stock in a research note on Wednesday. Shore Capital Group reiterated a “hold” rating on shares of On the Beach Group in a research note on Thursday, March 12th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 330 price objective on shares of On the Beach Group in a research note on Monday, January 19th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 294.

Insiders Place Their Bets

In other news, insider Shaun Morton bought 991 shares of the stock in a transaction on Monday, April 20th. The stock was bought at an average cost of GBX 185 per share, for a total transaction of £1,833.35. 9.03% of the stock is currently owned by company insiders.

On the Beach Group Trading Up 2.7%

The company has a market capitalization of £206.63 million, a price-to-earnings ratio of 9.44, a P/E/G ratio of 0.71 and a beta of 1.35. The company has a quick ratio of 0.83, a current ratio of 1.28 and a debt-to-equity ratio of 1.40. The company’s 50 day simple moving average is GBX 171.48 and its two-hundred day simple moving average is GBX 198.05.

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

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.