On the Beach Group (LON:OTB) Trading Up 11.1% - Still a Buy?

On the Beach Group plc (LON:OTB - Get Free Report) shot up 11.1% during trading on Tuesday . The company traded as high as GBX 197.52 ($2.50) and last traded at GBX 190.66 ($2.42). 9,769,311 shares traded hands during mid-day trading, an increase of 1,549% from the average session volume of 592,532 shares. The stock had previously closed at GBX 171.60 ($2.17).

Analyst Ratings Changes

Several brokerages have recently weighed in on OTB. Canaccord Genuity Group decreased their target price on shares of On the Beach Group from GBX 220 ($2.79) to GBX 187 ($2.37) and set a "buy" rating for the company in a research note on Wednesday, October 16th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 180 ($2.28) price objective on shares of On the Beach Group in a research report on Tuesday, October 15th.

On the Beach Group Price Performance

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 stock's fifty day moving average price is GBX 152.87 and its 200-day moving average price is GBX 147.48. The firm has a market cap of £344.00 million, a PE ratio of 2,288.89, a P/E/G ratio of 0.71 and a beta of 2.42.

Insider Activity

In other news, insider Shaun Morton purchased 12,013 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of GBX 209 ($2.65) per share, for a total transaction of £25,107.17 ($31,813.44). Company insiders own 10.69% of the company's stock.

On the Beach Group Company Profile

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.