Simon Cooper Purchases 3,000,000 Shares of On the Beach Group plc (LON:OTB) Stock

On the Beach Group plc (LON:OTB) insider Simon Cooper purchased 3,000,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of GBX 228 ($2.88) per share, for a total transaction of £6,840,000 ($8,633,093.53).

On the Beach Group Stock Down 0.2 %

Shares of LON:OTB opened at GBX 239 ($3.02) on Friday. On the Beach Group plc has a 1 year low of GBX 127.75 ($1.61) and a 1 year high of GBX 244 ($3.08). The company has a market capitalization of £399.11 million, a PE ratio of 2,655.56, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The business has a fifty day moving average price of GBX 166.05 and a two-hundred day moving average price of GBX 152.10. The company has a debt-to-equity ratio of 34.49, a current ratio of 1.20 and a quick ratio of 0.83.

On the Beach Group Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on OTB. Shore Capital reiterated a “buy” rating on shares of On the Beach Group in a report on Wednesday, December 4th. Canaccord Genuity Group decreased their price objective on On the Beach Group from GBX 220 ($2.78) to GBX 187 ($2.36) and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 180 ($2.27) price objective on shares of On the Beach Group in a research note on Tuesday, October 15th.

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.