On the Beach Group plc (LON:OTB - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 255 ($3.12) and last traded at GBX 252 ($3.08), with a volume of 479259 shares changing hands. The stock had previously closed at GBX 253.50 ($3.10).
Analyst Upgrades and Downgrades
OTB has been the topic of a number of analyst reports. Shore Capital reiterated a "buy" rating on shares of On the Beach Group in a research note on Wednesday, December 4th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 180 ($2.20) price target on shares of On the Beach Group in a research note on Tuesday, October 15th. Finally, Canaccord Genuity Group decreased their price objective on shares of On the Beach Group from GBX 220 ($2.69) to GBX 187 ($2.29) and set a "buy" rating for the company in a research report on Wednesday, October 16th.
Check Out Our Latest Stock Report on OTB
On the Beach Group Stock Performance
The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 34.49. The company has a market capitalization of £420.81 million, a price-to-earnings ratio of 2,800.00, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The stock has a 50-day simple moving average of GBX 209.35 and a 200-day simple moving average of GBX 168.05.
On the Beach Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Thursday, January 30th will be paid a dividend of GBX 2.10 ($0.03) per share. This represents a yield of 1.02%. This is an increase 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 is 1,111.11%.
Insiders Place Their Bets
In other news, insider Simon Cooper bought 3,000,000 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of GBX 228 ($2.79) per share, for a total transaction of £6,840,000 ($8,369,019.94). Also, insider Shaun Morton purchased 12,013 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average price of GBX 209 ($2.56) per share, with a total value of £25,107.17 ($30,719.65). 10.69% of the stock is owned by company insiders.
On the Beach Group Company Profile
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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.
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