On the Beach Group (LON:OTB) Insider Acquires £870,000 in Stock

On the Beach Group plc (LON:OTB – Get Free Report) insider Simon Cooper bought 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The stock was purchased at an average price of GBX 174 per share, with a total value of £870,000.

On the Beach Group Stock Performance

LON:OTB traded down GBX 1.60 on Thursday, hitting GBX 174.80. The company’s stock had a trading volume of 553,050 shares, compared to its average volume of 1,448,159. 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 stock has a fifty day moving average of GBX 182.56 and a two-hundred day moving average of GBX 170.88. The firm has a market capitalization of £246.87 million, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 0.71 and a beta of 1.30. On the Beach Group plc has a one year low of GBX 129.40 and a one year high of GBX 234.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Canaccord Genuity Group reduced their price objective on shares of On the Beach Group from GBX 240 to GBX 220 and set a “buy” rating for the company in a research report on Friday, September 25th. Shore Capital Group reiterated a “buy” rating and issued a GBX 200 price target on shares of On the Beach Group in a research note on Thursday, September 24th. Finally, Berenberg Bank cut their price objective on shares of On the Beach Group from GBX 280 to GBX 240 and set a “buy” rating for the company in a research report on Thursday. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 273.43.

Check Out Our Latest Stock Report on OTB

About On the Beach Group

(Get Free Report)

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.

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