Canaccord Genuity Group Trims On the Beach Group (LON:OTB) Target Price to GBX 187

On the Beach Group (LON:OTB) had its price target cut by Canaccord Genuity Group from GBX 220 ($2.87) to GBX 187 ($2.44) in a research report released on Wednesday, MarketBeat.com reports. They currently have a buy rating on the stock.

On the Beach Group Stock Performance

Shares of OTB opened at GBX 152.80 ($2.00) on Wednesday. The company’s 50 day simple moving average is GBX 146.49 and its 200-day simple moving average is GBX 146.72. The firm has a market cap of £255.16 million, a PE ratio of 1,708.89, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. On the Beach Group has a 12-month low of GBX 90.20 ($1.18) and a 12-month high of GBX 181.60 ($2.37). The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 34.49.

On the Beach Group Company Profile

On the Beach Group plc operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom. It operates through three segments: OTB, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.