Numis Securities Reiterates Buy Rating for On The Beach Group (OTB)
On The Beach Group (LON:OTB)‘s stock had its “buy” rating reissued by investment analysts at Numis Securities in a note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
Several other analysts have also recently issued reports on OTB. Liberum Capital reaffirmed a “buy” rating and set a GBX 560 ($7.32) target price (up previously from GBX 550 ($7.19)) on shares of On The Beach Group in a research report on Tuesday. Peel Hunt reaffirmed a “buy” rating on shares of On The Beach Group in a research report on Tuesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of On The Beach Group in a research report on Tuesday, April 9th. Six equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of GBX 568.83 ($7.43).
Shares of LON OTB opened at GBX 438.61 ($5.73) on Tuesday. The firm has a market cap of $575.22 million and a price-to-earnings ratio of 26.58. On The Beach Group has a 12-month low of GBX 326 ($4.26) and a 12-month high of GBX 598 ($7.81).
On the Beach Group plc operates as an online retailer of short-haul beach holidays under the On the Beach brand name. It operates through three segments: Core, B2B, and International. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk Websites in the United Kingdom.
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