On the Beach Group plc (LON:OTB – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 145.16 ($1.84) and traded as high as GBX 147.36 ($1.87). On the Beach Group shares last traded at GBX 146.80 ($1.87), with a volume of 515,255 shares trading hands.
Analyst Ratings Changes
OTB has been the subject of several recent analyst reports. Redburn Partners upgraded shares of On the Beach Group to a “buy” rating and set a GBX 240 ($3.05) target price for the company in a research note on Thursday, March 21st. Berenberg Bank cut On the Beach Group to a “buy” rating and set a GBX 180 ($2.29) price objective for the company. in a research report on Tuesday, May 28th. Finally, Shore Capital reaffirmed a “buy” rating on shares of On the Beach Group in a research report on Tuesday, May 14th.
Read Our Latest Stock Report on On the Beach Group
On the Beach Group Stock Up 0.5 %
On the Beach Group Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be issued a dividend of GBX 0.90 ($0.01) per share. This represents a dividend yield of 0.54%. The ex-dividend date is Thursday, May 30th. On the Beach Group’s dividend payout ratio (DPR) is presently 5,000.00%.
Insider Activity at On the Beach Group
In other On the Beach Group news, insider Richard Pennycook sold 38,333 shares of On the Beach Group stock in a transaction dated Monday, March 25th. The stock was sold at an average price of GBX 156 ($1.98), for a total transaction of £59,799.48 ($75,984.09). 10.71% of the stock is owned by insiders.
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.
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