On the Beach Group plc (LON:OTB) Insider Simon Cooper Buys 3,000,000 Shares

On the Beach Group plc (LON:OTB) insider Simon Cooper acquired 3,000,000 shares of On the Beach Group stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of GBX 228 ($2.88) per share, with a total value of £6,840,000 ($8,633,093.53).

On the Beach Group Stock Down 0.2 %

OTB opened at GBX 239 ($3.02) on Friday. On the Beach Group plc has a fifty-two week low of GBX 127.75 ($1.61) and a fifty-two week high of GBX 244 ($3.08). 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 capitalization of £399.11 million, a P/E ratio of 2,655.56, a P/E/G ratio of 0.71 and a beta of 2.42. The stock has a fifty day moving average of GBX 163.97 and a 200-day moving average of GBX 151.40.

On the Beach Group Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Shore Capital reissued a “buy” rating on shares of On the Beach Group in a report on Wednesday, December 4th. Canaccord Genuity Group dropped their target price on On the Beach Group from GBX 220 ($2.78) to GBX 187 ($2.36) and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 180 ($2.27) target price on shares of On the Beach Group in a report on Tuesday, October 15th.

About On the Beach Group

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.