On the Beach Group (LON:OTB) Share Price Passes Above 50-Day Moving Average – Time to Sell?

On the Beach Group plc (LON:OTB) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 159.26 and traded as high as GBX 173. On the Beach Group shares last traded at GBX 170.50, with a volume of 2,741,487 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Berenberg Bank dropped their target price on shares of On the Beach Group from GBX 330 to GBX 280 and set a “buy” rating for the company in a research report on Monday, May 18th. Shore Capital Group upgraded shares of On the Beach Group to a “buy” rating and set a GBX 210 price target on the stock in a research report on Tuesday, June 9th. Royal Bank Of Canada decreased their price objective on shares of On the Beach Group from GBX 305 to GBX 290 and set an “outperform” rating on the stock in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of On the Beach Group from GBX 345 to GBX 314 and set a “buy” rating for the company in a report on Wednesday, May 13th. Finally, Canaccord Genuity Group cut their target price on shares of On the Beach Group from GBX 293 to GBX 240 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 283.43.

On the Beach Group Price Performance

The stock has a market capitalization of £246.01 million, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29. The company has a debt-to-equity ratio of 23.85, a quick ratio of 0.83 and a current ratio of 1.21. The stock has a 50-day simple moving average of GBX 159.26 and a 200 day simple moving average of GBX 181.18.

On the Beach Group (LON:OTB) last issued its quarterly earnings results on Tuesday, May 12th. The company reported GBX 1.20 earnings per share (EPS) for the quarter. The business had revenue of GBX 5,220 million for the quarter. On the Beach Group had a return on equity of 2.40% and a net margin of 3.11%. On average, equities analysts forecast that On the Beach Group plc will post 17.3349938 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other On the Beach Group news, insider Shaun Morton bought 991 shares of the business’s stock in a transaction on Monday, April 20th. The shares were bought at an average cost of GBX 185 per share, for a total transaction of £1,833.35. Corporate insiders own 9.28% of the company’s stock.

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.