On the Beach Group (LON:OTB) Hits New 12-Month High – Here’s What Happened

On the Beach Group plc (LON:OTB)’s share price hit a new 52-week high on Wednesday . The company traded as high as GBX 265.50 ($3.30) and last traded at GBX 258.50 ($3.22), with a volume of 732553 shares trading hands. The stock had previously closed at GBX 256.50 ($3.19).

Analyst Ratings Changes

Several equities research analysts recently issued reports on OTB shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 180 ($2.24) price objective on shares of On the Beach Group in a report on Tuesday, October 15th. Canaccord Genuity Group lowered their price target on On the Beach Group from GBX 220 ($2.74) to GBX 187 ($2.33) and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, Shore Capital reissued a “buy” rating on shares of On the Beach Group in a research note on Wednesday, December 4th.

On the Beach Group Stock Performance

The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 34.49. The stock’s fifty day simple moving average is GBX 227.14 and its 200 day simple moving average is GBX 175.13. The company has a market cap of £431.67 million, a price-to-earnings ratio of 2,872.22, a P/E/G ratio of 0.71 and a beta of 2.42.

On the Beach Group (LON:OTB) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 14.10 ($0.18) EPS for the quarter. On the Beach Group had a return on equity of 9.78% and a net margin of 8.65%. As a group, analysts anticipate that On the Beach Group plc will post 17.3349938 earnings per share for the current year.

On the Beach Group Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th will be issued a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 1.02%. The ex-dividend date is Thursday, January 30th. This is a positive change from On the Beach Group’s previous dividend of $0.90. On the Beach Group’s payout ratio is currently 1,111.11%.

Insider Activity at On the Beach Group

In other On the Beach Group news, insider Shaun Morton bought 12,013 shares of On the Beach Group stock in a transaction on Tuesday, December 3rd. The shares were bought at an average price of GBX 209 ($2.60) per share, for a total transaction of £25,107.17 ($31,239.48). Also, insider Simon Cooper acquired 3,000,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of GBX 228 ($2.84) per share, with a total value of £6,840,000 ($8,510,638.30). 10.69% of the stock is currently owned by insiders.

On the Beach Group Company Profile

On the Beach is one of the UK’s leading online retailers of beach holidays and has a 20%+ share of online sales in the short haul beach holiday market. Our vision is to build Europe’s leading beach holiday retailer via a single platform, multi-brand strategy. We’re totally focused on making it easy for people to find, book and enjoy their perfect beach holiday.

We were one of the first online travel agents in the UK to offer complete financial protection, meaning every flight-inclusive package is ATOL-protected.