On the Beach Group (LON:OTB) Given Buy Rating at Shore Capital

Shore Capital restated their buy rating on shares of On the Beach Group (LON:OTB) in a research report released on Wednesday, MarketBeat reports.

A number of other analysts have also recently weighed in on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 180 ($2.29) 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 On the Beach Group from GBX 220 ($2.80) to GBX 187 ($2.38) and set a “buy” rating for the company in a research report on Wednesday, October 16th.

On the Beach Group Trading Up 3.1 %

OTB opened at GBX 214.50 ($2.73) on Wednesday. The stock’s fifty day moving average is GBX 154.22 and its two-hundred day moving average is GBX 148. The company has a market capitalization of £358.19 million, a P/E ratio of 2,311.11, a PEG ratio of 0.71 and a beta of 2.42. On the Beach Group has a 52 week low of GBX 127.75 ($1.62) and a 52 week high of GBX 216.49 ($2.75). The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 34.49.

On the Beach Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, March 4th. Investors of record on Thursday, January 30th will be issued a GBX 2.10 ($0.03) dividend. This represents a yield of 1.02%. This is a boost from On the Beach Group’s previous dividend of $0.90. The ex-dividend date of this dividend is Thursday, January 30th. On the Beach Group’s payout ratio is presently 1,111.11%.

Insider Transactions at On the Beach Group

In other On the Beach Group news, insider Shaun Morton acquired 12,013 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of GBX 209 ($2.66) per share, for a total transaction of £25,107.17 ($31,902.38). Insiders own 10.69% of the company’s stock.

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.