On the Beach Group’s (OTB) “Buy” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of On the Beach Group (LON:OTB) in a research report released on Tuesday morning, MarketBeat.com reports.

On the Beach Group Price Performance

On the Beach Group stock opened at GBX 225 ($2.84) on Tuesday. The stock has a market capitalization of £365.32 million, a P/E ratio of 24.59, a P/E/G ratio of 0.71 and a beta of 2.42. The firm’s 50-day moving average is GBX 247.94 and its two-hundred day moving average is GBX 190.90. On the Beach Group has a 12-month low of GBX 127.75 ($1.61) and a 12-month high of GBX 265.50 ($3.35). The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83.

On the Beach Group (LON:OTB) last issued its earnings results on Tuesday, December 3rd. The company reported GBX 14.10 ($0.18) earnings per share (EPS) for the quarter. On the Beach Group had a return on equity of 8.73% and a net margin of 8.66%. Equities analysts predict that On the Beach Group will post 17.3349938 earnings per share for the current year.

On the Beach Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th will be paid a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a dividend yield of 1.02%. This is a positive change from On the Beach Group’s previous dividend of $0.90. On the Beach Group’s dividend payout ratio (DPR) is currently 10.93%.

Insider Activity

In related news, insider Shaun Morton purchased 12,013 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of GBX 209 ($2.63) per share, with a total value of £25,107.17 ($31,645.03). Also, insider Simon Cooper bought 3,000,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of GBX 228 ($2.87) per share, with a total value of £6,840,000 ($8,621,124.28). Insiders own 10.69% of the company’s stock.

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.

We were one of the first online travel agents in the UK to offer complete financial protection, meaning every flight-inclusive package holiday we sell is ATOL-protected, giving our customers confidence and peace of mind.