On the Beach Group (LON:OTB) Shares Cross Below 50 Day Moving Average – Time to Sell?

Shares of On the Beach Group plc (LON:OTB) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 172.75 and traded as low as GBX 167.20. On the Beach Group shares last traded at GBX 169.60, with a volume of 1,130,654 shares.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 345 price target on shares of On the Beach Group in a report on Thursday, April 9th. Shore Capital Group reissued a “hold” rating on shares of On the Beach Group in a report on Thursday, March 12th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 330 price target on shares of On the Beach Group in a report on Monday, January 19th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 308.

On the Beach Group Stock Performance

The stock has a 50 day moving average price of GBX 172.75 and a two-hundred day moving average price of GBX 198.58. The company has a current ratio of 1.28, a quick ratio of 0.83 and a debt-to-equity ratio of 1.40. The company has a market cap of £210.11 million, a price-to-earnings ratio of 9.60, a P/E/G ratio of 0.71 and a beta of 1.35.

Insider Buying and Selling at On the Beach Group

In related news, insider Shaun Morton purchased 991 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were bought at an average price of GBX 185 per share, with a total value of £1,833.35. 9.03% of the stock is currently owned by company insiders.

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.