On the Beach Group (LON:OTB) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

On the Beach Group plc (LON:OTB)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 147.82 ($1.92) and traded as high as GBX 155.60 ($2.02). On the Beach Group shares last traded at GBX 154.40 ($2.00), with a volume of 1,127,278 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group lowered their target price on shares of On the Beach Group from GBX 220 ($2.86) to GBX 187 ($2.43) and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 180 ($2.34) target price on shares of On the Beach Group in a research note on Tuesday, October 15th.

On the Beach Group Stock Down 5.1 %

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 company has a market capitalization of £240.80 million, a price-to-earnings ratio of 1,602.22, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The firm’s 50-day simple moving average is GBX 147.85 and its 200-day simple moving average is GBX 146.34.

On the Beach Group Company Profile

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.