On the Beach Group plc (LON:OTB – Get Free Report)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 241.81 ($3.13) and traded as high as GBX 248.50 ($3.22). On the Beach Group shares last traded at GBX 228 ($2.95), with a volume of 291,896 shares changing hands.
Analysts Set New Price Targets
Separately, Shore Capital reiterated a “buy” rating on shares of On the Beach Group in a research note on Tuesday, February 25th.
Read Our Latest Stock Analysis on OTB
On the Beach Group Price Performance
On the Beach Group Increases Dividend
The business also recently announced a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th were given a GBX 2.10 ($0.03) dividend. The ex-dividend date was Thursday, January 30th. This represents a dividend yield of 1.02%. This is an increase from On the Beach Group’s previous dividend of $0.90. On the Beach Group’s payout ratio is presently 10.93%.
Insider Transactions at On the Beach Group
In related news, insider Shaun Morton sold 45,054 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of GBX 228 ($2.95), for a total transaction of £102,723.12 ($132,957.70). Corporate insiders own 10.69% of the company’s stock.
About On the Beach Group
On the Beach is one of the UK’s largest online package holiday specialists with significant opportunities for growth. Founded in 2004 and listed on the London Stock Exchange in 2015, today over 1.7 million customers find, book and enjoy their perfect package holiday with us every single year.
Our innovative technology, low-cost base and strong customer-value proposition provides a structural challenge to legacy tour operators and online travel agents, as we continue disrupting the market.
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