Canaccord Genuity Group Trims On the Beach Group (LON:OTB) Target Price to GBX 187

On the Beach Group (LON:OTB) had its price objective lowered by Canaccord Genuity Group from GBX 220 ($2.87) to GBX 187 ($2.44) in a research report report published on Wednesday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

On the Beach Group Stock Performance

Shares of OTB opened at GBX 154.60 ($2.02) on Wednesday. On the Beach Group has a 12 month low of GBX 90.20 ($1.18) and a 12 month high of GBX 181.60 ($2.37). The firm has a fifty day simple moving average of GBX 147.19 and a 200 day simple moving average of GBX 146.70. The stock has a market capitalization of £258.17 million, a price-to-earnings ratio of 1,717.78, a PEG ratio of 0.71 and a beta of 2.42. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 34.49.

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.