On the Beach Group plc (LON:OTB) Raises Dividend to GBX 2.10 Per Share

Posted by Dante Gardener on Dec 5th, 2024

On the Beach Group plc (LON:OTB – Get Free Report) announced a dividend on Wednesday, December 4th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, January 30th will be given a dividend of GBX 2.10 ($0.03) per share on Tuesday, March 4th. This represents a yield of 1.02%. The ex-dividend date of this dividend is Thursday, January 30th. This is a positive change from On the Beach Group’s previous dividend of $0.90. The official announcement can be accessed at this link.

On the Beach Group Stock Performance

OTB stock opened at GBX 229.21 ($2.91) on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 34.49. The firm has a 50 day moving average of GBX 154.22 and a two-hundred day moving average of GBX 148. The company has a market capitalization of £382.76 million, a price-to-earnings ratio of 2,311.11, a P/E/G ratio of 0.71 and a beta of 2.42. On the Beach Group has a 12 month low of GBX 127.75 ($1.62) and a 12 month high of GBX 230.04 ($2.92).

Insider Buying and Selling

In related news, insider Shaun Morton purchased 12,013 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of GBX 209 ($2.66) per share, with a total value of £25,107.17 ($31,902.38). 10.69% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Shore Capital reissued a “buy” rating on shares of On the Beach Group in a report on Wednesday. Canaccord Genuity Group reduced their price objective on shares of 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. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 180 ($2.29) price objective on shares of On the Beach Group in a report on Tuesday, October 15th.

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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.