On the Beach Group (LON:OTB) Stock Passes Above Fifty Day Moving Average – Here’s Why

On the Beach Group plc (LON:OTB)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 147.24 ($1.91) and traded as high as GBX 151.80 ($1.97). On the Beach Group shares last traded at GBX 145 ($1.88), with a volume of 319,918 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OTB. Berenberg Bank restated a “buy” rating and issued a GBX 180 ($2.33) target price on shares of On the Beach Group in a research note on Tuesday, October 15th. Canaccord Genuity Group decreased their target price on On the Beach Group from GBX 220 ($2.85) to GBX 187 ($2.43) and set a “buy” rating on the stock in a research report on Wednesday, October 16th.

On the Beach Group Stock Up 3.0 %

The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 34.49. The firm has a market capitalization of £249.48 million, a PE ratio of 1,660.00, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The firm has a 50-day moving average of GBX 147.17 and a two-hundred day moving average of GBX 145.65.

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.