Key Points
- Insider Simon Cooper bought 500,000 On the Beach Group shares at GBX 174 each, representing a total investment of approximately £870,000.
- Shares opened at GBX 174.80, with a market capitalization of about £246.9 million and a 12-month trading range of GBX 129.40 to GBX 234.
- Analysts remain bullish: seven analysts rate the stock a Buy, with a consensus rating of “Buy” and an average price target of GBX 273.43.
On the Beach Group plc (LON:OTB - Get Free Report) insider Simon Cooper purchased 500,000 shares of the stock in a transaction dated Wednesday, October 7th. The stock was purchased at an average cost of GBX 174 per share, for a total transaction of £870,000.
On the Beach Group Price Performance
OTB stock opened at GBX 174.80 on Friday. The firm has a 50 day moving average of GBX 182.31 and a 200-day moving average of GBX 171. 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 12 month low of GBX 129.40 and a 12 month high of GBX 234. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 23.85.
Wall Street Analysts Forecast Growth
OTB has been the subject of several analyst reports. Shore Capital Group reissued a "buy" rating and issued a GBX 200 price target on shares of On the Beach Group in a report on Thursday, September 24th. Berenberg Bank lowered their price objective on On the Beach Group from GBX 280 to GBX 240 and set a "buy" rating on the stock in a research report on Thursday. Finally, Canaccord Genuity Group dropped their price objective on On the Beach Group from GBX 240 to GBX 220 and set a "buy" rating for the company in a research note on Friday, September 25th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of GBX 273.43.
Get Our Latest Stock Report on On the Beach Group
About On the Beach Group
(
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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.
Further Reading
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