On the Beach Group’s (OTB) Buy Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of On the Beach Group (LON:OTB) in a research report report published on Thursday. The brokerage currently has a GBX 500 ($6.70) price objective on the stock.

Other analysts have also recently issued reports about the stock. Berenberg Bank upped their target price on shares of On the Beach Group from GBX 470 ($6.29) to GBX 520 ($6.96) and gave the company a buy rating in a report on Friday, November 10th. Numis Securities upped their target price on shares of On the Beach Group from GBX 456 ($6.11) to GBX 552 ($7.39) and gave the company a buy rating in a report on Thursday, October 19th. Five equities research analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average target price of GBX 476.80 ($6.39).

Shares of On the Beach Group (LON:OTB) opened at GBX 455.50 ($6.10) on Thursday. On the Beach Group has a twelve month low of GBX 3.95 ($0.05) and a twelve month high of GBX 482.50 ($6.46).

On the Beach Group (LON:OTB) last announced its earnings results on Thursday, November 30th. The company reported GBX 17.60 ($0.24) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 17.50 ($0.23) by GBX 0.10 ($0.00). On the Beach Group had a net margin of 20.71% and a return on equity of 18.56%. The business had revenue of GBX 8,356 million during the quarter.

In other news, insider Kirsteen Vickerstaff sold 7,021 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of GBX 427 ($5.72), for a total value of £29,979.67 ($40,149.55). Over the last three months, insiders bought 72 shares of company stock valued at $30,070.

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About On the Beach Group

On the Beach Group plc is a United Kingdom-based online travel agent. The Company operates in two segments: Core and International. The Company’s core segment conducts its activity through the United Kingdom Website (UK). The Company’s international segment conducts its activity through Swedish Website (eBeach.se).

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