On the Beach Group (LON:OTB) Shares Cross Above 50 Day Moving Average – What’s Next?

On the Beach Group plc (LON:OTBGet Free Report)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 147.24 ($1.91) and traded as high as GBX 151.80 ($1.97). On the Beach Group shares last traded at GBX 145 ($1.88), with a volume of 319,918 shares trading hands.

Analyst Upgrades and Downgrades

OTB has been the topic of several research analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 180 ($2.33) price objective on shares of On the Beach Group in a research report on Tuesday, October 15th. Canaccord Genuity Group lowered their price target on shares of On the Beach Group from GBX 220 ($2.85) to GBX 187 ($2.43) and set a “buy” rating on the stock in a report on Wednesday, October 16th.

Get Our Latest Report on On the Beach Group

On the Beach Group Trading Down 2.8 %

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 stock has a market capitalization of £242.14 million, a price-to-earnings ratio of 1,611.11, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The business has a fifty day simple moving average of GBX 147.24 and a 200 day simple moving average of GBX 145.62.

On the Beach Group Company Profile

(Get Free Report)

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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