Shore Capital reaffirmed their buy rating on shares of On the Beach Group (LON:OTB - Free Report) in a research report report published on Wednesday,London Stock Exchange reports.
Several other equities research analysts have also commented on the stock. Canaccord Genuity Group dropped their price target on shares of On the Beach Group from GBX 220 ($2.80) to GBX 187 ($2.38) and set a "buy" rating on the stock in a research note on Wednesday, October 16th. Berenberg Bank reiterated a "buy" rating and set a GBX 180 ($2.29) price objective on shares of On the Beach Group in a research note on Tuesday, October 15th.
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On the Beach Group Stock Up 1.0 %
Shares of LON:OTB traded up GBX 2 ($0.03) during midday trading on Wednesday, hitting GBX 208 ($2.64). 3,329,409 shares of the company's stock traded hands, compared to its average volume of 585,335. 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 cap of £347.34 million, a PE ratio of 2,311.11, a P/E/G ratio of 0.71 and a beta of 2.42. The firm's fifty day moving average price is GBX 154.22 and its two-hundred day moving average price is GBX 148. On the Beach Group has a twelve month low of GBX 121 ($1.54) and a twelve month high of GBX 216.49 ($2.75).
On the Beach Group Increases Dividend
The company also recently declared a dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Thursday, January 30th will be given a dividend of GBX 2.10 ($0.03) per share. This is a positive change from On the Beach Group's previous dividend of $0.90. This represents a yield of 1.02%. The ex-dividend date is Thursday, January 30th. On the Beach Group's dividend payout ratio is 1,111.11%.
Insider Activity
In related news, insider Shaun Morton purchased 12,013 shares of On the Beach Group stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of GBX 209 ($2.66) per share, for a total transaction of £25,107.17 ($31,902.38). Insiders own 10.69% of the company's stock.
About On the Beach Group
(
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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.
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