On The Beach Group (OTB) Sets New 1-Year High Following Analyst Upgrade
On The Beach Group PLC (LON:OTB)’s share price reached a new 52-week high during trading on Monday after Berenberg Bank raised their price target on the stock from GBX 520 to GBX 600. Berenberg Bank currently has a buy rating on the stock. On The Beach Group traded as high as GBX 550 ($7.60) and last traded at GBX 536 ($7.41), with a volume of 301521 shares traded. The stock had previously closed at GBX 519 ($7.17).
A number of other research firms have also issued reports on OTB. Numis Securities increased their target price on On The Beach Group from GBX 456 ($6.30) to GBX 552 ($7.63) and gave the company a “buy” rating in a research note on Thursday, October 19th. Peel Hunt reiterated a “buy” rating and issued a GBX 500 ($6.91) target price on shares of On The Beach Group in a research note on Monday, October 16th.
In other On The Beach Group news, insider Paul Meehan acquired 22,222 shares of the stock in a transaction on Thursday, December 21st. The stock was purchased at an average price of GBX 450 ($6.22) per share, for a total transaction of £99,999 ($138,158.33). In the last quarter, insiders bought 22,269 shares of company stock valued at $10,020,355.
On The Beach Group (LON:OTB) last issued its quarterly earnings data on Thursday, November 30th. The company reported GBX 17.60 ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 17.50 ($0.24) by GBX 0.10 ($0.00). On The Beach Group had a return on equity of 21.95% and a net margin of 22.24%. The firm had revenue of GBX 8,356 million during the quarter.
The firm also recently disclosed a dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, January 11th will be paid a dividend of GBX 1.90 ($0.03) per share. This represents a yield of 0.42%. The ex-dividend date is Thursday, January 11th. This is a positive change from On The Beach Group’s previous dividend of $0.90.
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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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