On the Beach Group plc (LON:OTB) Receives GBX 283.43 Consensus PT from Analysts

Shares of On the Beach Group plc (LON:OTB) have earned a consensus rating of “Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 283.43.

A number of equities analysts recently commented on OTB shares. Shore Capital Group raised On the Beach Group to a “buy” rating and set a GBX 210 price objective on the stock in a research note on Tuesday, June 9th. Canaccord Genuity Group decreased their target price on shares of On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating for the company in a report on Wednesday, May 13th. 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. Finally, Berenberg Bank reduced their price objective on shares of On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating on the stock in a research note on Monday, May 18th.

On the Beach Group Stock Down 1.5%

Shares of OTB opened at GBX 196.65 on Monday. The stock’s 50-day moving average price is GBX 177.20 and its two-hundred day moving average price is GBX 175.40. On the Beach Group has a 12 month low of GBX 129.40 and a 12 month high of GBX 297. The company has a market capitalization of £283.06 million, a PE ratio of 16.67, a PEG ratio of 0.71 and a beta of 1.29. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 23.85.

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.