On the Beach Group (OTB) Earns “Buy” Rating from Peel Hunt

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

Several other research firms have also issued reports on OTB. Numis Securities reissued a buy rating and issued a GBX 456 ($6.11) price target on shares of On the Beach Group in a research report on Monday, October 2nd. Berenberg Bank increased their price target on shares of On the Beach Group from GBX 470 ($6.29) to GBX 520 ($6.96) and gave the stock a buy rating in a research report on Friday, November 10th. Five analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and an average target price of GBX 476.80 ($6.39).

On the Beach Group (OTB) opened at GBX 455.50 ($6.10) on Thursday. On the Beach Group has a 52-week low of GBX 3.95 ($0.05) and a 52-week high of GBX 482.50 ($6.46).

On the Beach Group (LON:OTB) last posted its quarterly earnings results on Thursday, November 30th. The company reported GBX 17.60 ($0.24) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of GBX 8,356 million during the quarter.

The firm also recently declared a dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 11th will be given a GBX 1.90 ($0.03) dividend. This represents a yield of 0.42%. The ex-dividend date is Thursday, January 11th. This is a positive change from On the Beach Group’s previous dividend of $0.90.

In related news, insider Kirsteen Vickerstaff sold 7,021 shares of the stock in a transaction dated 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). Insiders purchased 72 shares of company stock valued at $30,070 in the last three months.

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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).

Analyst Recommendations for On the Beach Group (LON:OTB)

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