On the Beach Group’s (OTB) Buy Rating Reiterated at Shore Capital

Posted by Anthony Miller on Dec 7th, 2024

Shore Capital reaffirmed their buy rating on shares of On the Beach Group (LON:OTB – Free Report) in a research report released on Wednesday, Marketbeat reports.

Several other equities research analysts have also weighed in on the company. Canaccord Genuity Group reduced their target price on On the Beach Group from GBX 220 ($2.80) to GBX 187 ($2.38) and set a “buy” rating for the company in a report on Wednesday, October 16th. Berenberg Bank restated a “buy” rating and issued a GBX 180 ($2.29) price objective on shares of On the Beach Group in a research note on Tuesday, October 15th.

Check Out Our Latest Stock Report on OTB

On the Beach Group Price Performance

LON OTB opened at GBX 234.50 ($2.99) on Wednesday. The firm has a market cap of £391.59 million, a P/E ratio of 2,605.56, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The stock’s 50-day moving average is GBX 157.94 and its two-hundred day moving average is GBX 149.26. On the Beach Group has a fifty-two week low of GBX 127.75 ($1.63) and a fifty-two week high of GBX 240 ($3.06). The company has a debt-to-equity ratio of 34.49, a current ratio of 1.20 and a quick ratio of 0.83.

On the Beach Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, March 4th. Investors of record on Thursday, January 30th will be given a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, January 30th. This is a boost from On the Beach Group’s previous dividend of $0.90. On the Beach Group’s payout ratio is currently 1,111.11%.

Insider Activity at On the Beach Group

In related news, insider Shaun Morton acquired 12,013 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of GBX 209 ($2.66) per share, with a total value of £25,107.17 ($32,008.12). 10.69% of the stock is owned by corporate insiders.

On the Beach Group Company Profile

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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.