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

Shore Capital restated their buy rating on shares of On the Beach Group (LON:OTB) in a report published on Tuesday morning, MarketBeat Ratings reports.

On the Beach Group Trading Up 0.8 %

Shares of On the Beach Group stock opened at GBX 239.50 ($3.04) on Tuesday. On the Beach Group has a fifty-two week low of GBX 127.75 ($1.62) and a fifty-two week high of GBX 265.50 ($3.37). The firm has a market cap of £388.87 million, a PE ratio of 26.17, a P/E/G ratio of 0.71 and a beta of 2.42. The business’s fifty day moving average is GBX 248.37 and its two-hundred day moving average is GBX 189.68. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 1.53.

On the Beach Group (LON:OTB) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 14.10 ($0.18) earnings per share for the quarter. On the Beach Group had a return on equity of 8.73% and a net margin of 8.66%. Analysts anticipate that On the Beach Group will post 17.3349938 earnings per share for the current year.

On the Beach Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th will be issued 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 is Thursday, January 30th. On the Beach Group’s dividend payout ratio is presently 10.93%.

Insider Transactions at On the Beach Group

In related news, insider Simon Cooper purchased 3,000,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of GBX 228 ($2.89) per share, for a total transaction of £6,840,000 ($8,669,201.52). Also, insider Shaun Morton purchased 12,013 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average price of GBX 209 ($2.65) per share, with a total value of £25,107.17 ($31,821.51). Insiders own 10.69% of the company’s stock.

About On the Beach Group

On the Beach is one of the UK’s largest online package holiday specialists with significant opportunities for growth. Founded in 2004 and listed on the London Stock Exchange in 2015, today over 1.7 million customers find, book and enjoy their perfect package holiday with us every single year.

We were one of the first online travel agents in the UK to offer complete financial protection, meaning every flight-inclusive package holiday we sell is ATOL-protected, giving our customers confidence and peace of mind.