Shaun Morton Acquires 12,013 Shares of On the Beach Group plc (LON:OTB) Stock

On the Beach Group plc (LON:OTB) insider Shaun Morton purchased 12,013 shares of On the Beach Group stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average price of GBX 209 ($2.66) per share, with a total value of £25,107.17 ($31,902.38).

On the Beach Group Stock Up 1.0 %

Shares of On the Beach Group stock opened at GBX 208 ($2.64) on Thursday. The company has a market cap of £347.34 million, a P/E ratio of 2,311.11, a PEG ratio of 0.71 and a beta of 2.42. On the Beach Group plc has a one year low of GBX 121 ($1.54) and a one year high of GBX 216.49 ($2.75). The firm has a fifty day moving average of GBX 154.22 and a two-hundred day moving average of GBX 148. The company has a debt-to-equity ratio of 34.49, a quick ratio of 0.83 and a current ratio of 1.20.

On the Beach Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th will be paid a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 1.02%. This is an increase from On the Beach Group’s previous dividend of $0.90. The ex-dividend date of this dividend is Thursday, January 30th. On the Beach Group’s dividend payout ratio is 1,111.11%.

Analysts Set New Price Targets

A number of brokerages have recently commented on OTB. Canaccord Genuity Group reduced their target price on shares of On the Beach Group from GBX 220 ($2.80) to GBX 187 ($2.38) and set a “buy” rating for the company in a report on Wednesday, October 16th. Berenberg Bank reaffirmed 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. Finally, Shore Capital reaffirmed a “buy” rating on shares of On the Beach Group in a research note on Wednesday.

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.