On the Beach Group (LON:OTB) Share Price Passes Above Fifty Day Moving Average – Here’s Why

On the Beach Group plc (LON:OTB) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 146.98 ($1.91) and traded as high as GBX 155 ($2.02). On the Beach Group shares last traded at GBX 153.40 ($2.00), with a volume of 395,874 shares.

Analysts Set New Price Targets

A number of brokerages have issued reports on OTB. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 180 ($2.34) target price on shares of On the Beach Group in a report on Tuesday, October 15th. Canaccord Genuity Group reduced their target price on shares of On the Beach Group from GBX 220 ($2.86) to GBX 187 ($2.43) and set a “buy” rating on the stock in a report on Wednesday, October 16th.

On the Beach Group Stock Up 0.9 %

The stock’s 50-day moving average price is GBX 146.98 and its 200-day moving average price is GBX 145.61. The stock has a market cap of £256.16 million, a price-to-earnings ratio of 1,704.44, a P/E/G ratio of 0.71 and a beta of 2.42. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 34.49.

About On the Beach Group

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.