On the Beach Group (LON:OTB) Reaches New 12-Month High Following Dividend Announcement

Shares of On the Beach Group plc (LON:OTB) hit a new 52-week high during trading on Thursday after the company announced a dividend. The company traded as high as GBX 236 ($3.01) and last traded at GBX 234 ($2.98), with a volume of 4158338 shares trading hands. The stock had previously closed at GBX 208 ($2.65).

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OTB. Berenberg Bank reaffirmed a “buy” rating and set a GBX 180 ($2.29) target price on shares of On the Beach Group in a research note on Tuesday, October 15th. Shore Capital restated a “buy” rating on shares of On the Beach Group in a research note on Wednesday. Finally, Canaccord Genuity Group reduced their price objective on On the Beach Group from GBX 220 ($2.80) to GBX 187 ($2.38) and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

On the Beach Group Stock Up 0.2 %

The firm has a market cap of £391.59 million, a price-to-earnings ratio of 2,605.56, a P/E/G ratio of 0.71 and a beta of 2.42. The firm’s 50 day moving average price is GBX 157.94 and its two-hundred day moving average price is GBX 149.26. The company has a debt-to-equity ratio of 34.49, a current ratio of 1.20 and a quick ratio of 0.83.

Insider Buying and Selling

In other news, insider Shaun Morton purchased 12,013 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of GBX 209 ($2.66) per share, with a total value of £25,107.17 ($32,008.12). 10.69% of the stock is currently owned by corporate insiders.

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.