On the Beach Group (LON:OTB) Earns “Buy” Rating from Shore Capital

On the Beach Group (LON:OTB)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital in a note issued to investors on Wednesday, MarketBeat Ratings reports.

OTB has been the subject of several other research reports. Canaccord Genuity Group lowered their target price on shares of On the Beach Group from GBX 220 ($2.81) to GBX 187 ($2.39) and set a “buy” rating for the company in a research note on Wednesday, October 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 180 ($2.30) price target on shares of On the Beach Group in a report on Tuesday, October 15th.

On the Beach Group Stock Up 12.5 %

Shares of LON:OTB opened at GBX 234 ($2.99) on Wednesday. On the Beach Group has a 52 week low of GBX 127.75 ($1.63) and a 52 week high of GBX 236 ($3.01). 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 £390.76 million, a PE ratio of 2,600.00, a PEG ratio of 0.71 and a beta of 2.42. The company has a 50 day moving average price of GBX 156.09 and a two-hundred day moving average price of GBX 148.67.

Insider Buying and Selling

In related news, insider Shaun Morton acquired 12,013 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of GBX 209 ($2.67) per share, for a total transaction of £25,107.17 ($32,036.71). 10.69% of the stock is owned by corporate insiders.

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.