On the Beach Group (LON:OTB) Stock Passes Above 50 Day Moving Average - Here's Why

On the Beach Group plc (LON:OTB - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on OTB shares. 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. Canaccord Genuity Group cut 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 for the company in a research note on Wednesday, October 16th.

On the Beach Group Stock Down 2.2 %

The company has a market cap of £252.15 million, a P/E ratio of 1,691.11, a PEG ratio of 0.71 and a beta of 2.42. 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 firm's 50-day simple moving average is GBX 147.82 and its 200 day simple moving average is GBX 146.43.

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.