On The Beach Group (OTB) Price Target Raised to GBX 600 at Berenberg Bank
On The Beach Group (LON:OTB) had its price target upped by Berenberg Bank from GBX 520 ($7.29) to GBX 600 ($8.41) in a research note issued to investors on Friday morning. Berenberg Bank currently has a buy rating on the stock.
A number of other equities research analysts have also recently commented on OTB. Peel Hunt reaffirmed a buy rating and set a GBX 500 ($7.01) price objective on shares of On The Beach Group in a research note on Monday, October 16th. Numis Securities lifted their price objective on On The Beach Group from GBX 456 ($6.39) to GBX 552 ($7.74) and gave the stock a buy rating in a research note on Thursday, October 19th.
Shares of On The Beach Group (LON:OTB) opened at GBX 521.88 ($7.32) on Friday. The company has a market capitalization of $680.71 and a price-to-earnings ratio of 3,727.71. On The Beach Group has a 52 week low of GBX 3.95 ($0.06) and a 52 week high of GBX 549 ($7.70).
The business also recently disclosed a dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 11th will be paid a dividend of GBX 1.90 ($0.03) per share. The ex-dividend date is Thursday, January 11th. This is a boost from On The Beach Group’s previous dividend of $0.90. This represents a dividend yield of 0.42%.
In related news, insider Paul Meehan acquired 22,222 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was acquired at an average cost of GBX 450 ($6.31) per share, with a total value of £99,999 ($140,211.72). Over the last ninety days, insiders have purchased 22,269 shares of company stock valued at $10,020,355.
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About On The Beach Group
On the Beach Group plc is a United Kingdom-based online travel agent. The Company operates in two segments: Core and International. The Company’s core segment conducts its activity through the United Kingdom Website (UK). The Company’s international segment conducts its activity through Swedish Website (eBeach.se).
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