On the Beach Group (LON:OTB) Receives Buy Rating from Shore Capital

On the Beach Group (LON:OTB)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a note issued to investors on Wednesday,London Stock Exchange reports.

A number of other research analysts have also issued reports on OTB. Berenberg Bank reaffirmed a “buy” rating and set a GBX 180 ($2.28) target price on shares of On the Beach Group in a report on Tuesday, October 15th. Canaccord Genuity Group lowered their price objective on shares of On the Beach Group from GBX 220 ($2.79) to GBX 187 ($2.37) and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

On the Beach Group Price Performance

Shares of LON:OTB opened at GBX 208.84 ($2.65) on Wednesday. On the Beach Group has a 12 month low of GBX 121 ($1.53) and a 12 month high of GBX 216.49 ($2.74). The company has a debt-to-equity ratio of 34.49, a current ratio of 1.20 and a quick ratio of 0.83. The stock’s 50 day moving average price is GBX 152.87 and its 200 day moving average price is GBX 147.48. The stock has a market cap of £348.74 million, a price-to-earnings ratio of 2,320.42, a PEG ratio of 0.71 and a beta of 2.42.

Insider Activity

In other news, insider Shaun Morton purchased 12,013 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of GBX 209 ($2.65) per share, for a total transaction of £25,107.17 ($31,813.44). 10.69% of the stock is currently owned by company insiders.

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.