On the Beach Group (LON:OTB) Sets New 52-Week High – Here’s What Happened

On the Beach Group plc (LON:OTB)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 265.50 ($3.29) and last traded at GBX 258.50 ($3.20), with a volume of 732553 shares traded. The stock had previously closed at GBX 256.50 ($3.18).

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OTB. Berenberg Bank restated a “buy” rating and issued a GBX 180 ($2.23) price target on shares of On the Beach Group in a research report on Tuesday, October 15th. Shore Capital reiterated a “buy” rating on shares of On the Beach Group in a research report on Wednesday, December 4th. Finally, Canaccord Genuity Group dropped their target price on shares of On the Beach Group from GBX 220 ($2.73) to GBX 187 ($2.32) and set a “buy” rating on the stock in a report on Wednesday, October 16th.

On the Beach Group Stock Up 2.6 %

The company has a market cap of £430.00 million, a price-to-earnings ratio of 2,861.11, a P/E/G ratio of 0.71 and a beta of 2.42. The stock’s 50-day moving average is GBX 230.98 and its 200-day moving average is GBX 176.64. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 34.49.

On the Beach Group (LON:OTB) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 14.10 ($0.17) earnings per share (EPS) for the quarter. On the Beach Group had a return on equity of 9.78% and a net margin of 8.65%. On average, analysts anticipate that On the Beach Group plc will post 17.3349938 earnings per share for the current fiscal year.

On the Beach Group Increases Dividend

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

Insider Activity at On the Beach Group

In other news, insider Shaun Morton acquired 12,013 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average cost of GBX 209 ($2.59) per share, with a total value of £25,107.17 ($31,115.59). Also, insider Simon Cooper bought 3,000,000 shares of On the Beach Group stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of GBX 228 ($2.83) per share, with a total value of £6,840,000 ($8,476,886.85). 10.69% of the stock is owned by insiders.

On the Beach Group Company Profile

On the Beach is one of the UK’s leading online retailers of beach holidays and has a 20%+ share of online sales in the short haul beach holiday market. Our vision is to build Europe’s leading beach holiday retailer via a single platform, multi-brand strategy. We’re totally focused on making it easy for people to find, book and enjoy their perfect beach holiday.

We were one of the first online travel agents in the UK to offer complete financial protection, meaning every flight-inclusive package is ATOL-protected.