On The Beach Group PLC (LON:OTB) Receives GBX 473.33 Consensus Target Price from Brokerages

Shares of On The Beach Group PLC (LON:OTB) have received a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is GBX 473.33 ($6.23).

OTB has been the subject of a number of recent research reports. Liberum Capital reissued a “buy” rating and issued a GBX 440 ($5.79) target price (down from GBX 540 ($7.10)) on shares of On The Beach Group in a report on Monday, March 2nd. Citigroup dropped their price objective on shares of On The Beach Group from GBX 500 ($6.58) to GBX 430 ($5.66) and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Berenberg Bank reaffirmed a “buy” rating on shares of On The Beach Group in a research note on Friday, January 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of On The Beach Group in a research note on Friday, December 13th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of On The Beach Group in a research note on Tuesday, March 10th.

Shares of OTB stock traded up GBX 42.80 ($0.56) on Monday, reaching GBX 227.40 ($2.99). The company’s stock had a trading volume of 790,618 shares, compared to its average volume of 371,885. The stock’s fifty day simple moving average is GBX 314.59 and its 200-day simple moving average is GBX 401.88. On The Beach Group has a 1 year low of GBX 214.60 ($2.82) and a 1 year high of GBX 500 ($6.58). The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 7.61. The company has a market capitalization of $261.39 million and a price-to-earnings ratio of 19.11.

About On The Beach Group

On the Beach Group plc operates as an online retailer of short-haul beach holidays under the On the Beach brand name. It operates through three segments: Core, B2B, and International. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk Websites in the United Kingdom.

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Analyst Recommendations for On The Beach Group (LON:OTB)

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