On the Beach Group (LON:OTB) PT Lowered to GBX 187 at Canaccord Genuity Group

On the Beach Group (LON:OTB) had its price target lowered by equities researchers at Canaccord Genuity Group from GBX 220 ($2.87) to GBX 187 ($2.44) in a research report issued on Wednesday, LSE.Co.UK reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 21.59% from the company’s current price.

On the Beach Group Stock Performance

Shares of OTB stock traded up GBX 2.20 ($0.03) during mid-day trading on Wednesday, hitting GBX 153.80 ($2.01). 290,272 shares of the stock were exchanged, compared to its average volume of 529,176. On the Beach Group has a 12-month low of GBX 90.20 ($1.18) and a 12-month high of GBX 181.60 ($2.37). The company has a debt-to-equity ratio of 34.49, a quick ratio of 0.83 and a current ratio of 1.20. The stock has a market capitalization of £256.83 million, a price-to-earnings ratio of 1,708.89, a P/E/G ratio of 0.71 and a beta of 2.42. The stock’s fifty day simple moving average is GBX 146.15 and its two-hundred day simple moving average is GBX 146.80.

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 in the United Kingdom. It operates through three segments: OTB, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.