On the Beach Group (LON:OTB) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

On the Beach Group plc (LON:OTB)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 178.04 and traded as high as GBX 199.75. On the Beach Group shares last traded at GBX 192.80, with a volume of 524,384 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OTB shares. Royal Bank Of Canada decreased their price target on shares of On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating for the company in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Canaccord Genuity Group decreased their target price on 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. Shore Capital Group upgraded On the Beach Group to a “buy” rating and set a GBX 210 target price for the company in a research note on Tuesday, June 9th. Finally, Berenberg Bank dropped their target price on On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating on the stock in a report on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 283.43.

On the Beach Group Trading Down 0.4%

The business’s 50-day simple moving average is GBX 178.75 and its two-hundred day simple moving average is GBX 175.06. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 23.85. The company has a market capitalization of £273.49 million, a PE ratio of 16.10, a PEG ratio of 0.71 and a beta of 1.29.

On the Beach Group Company Profile

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.