On the Beach Group (LON:OTB) Share Price Crosses Above 50-Day Moving Average – Here’s Why

On the Beach Group plc (LON:OTB)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 221.35 ($2.76) and traded as high as GBX 258.35 ($3.22). On the Beach Group shares last traded at GBX 256.50 ($3.20), with a volume of 526,984 shares.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Shore Capital reaffirmed a “buy” rating on shares of On the Beach Group in a report on Wednesday, December 4th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 180 ($2.25) target price on shares of On the Beach Group in a report on Tuesday, October 15th. Finally, Canaccord Genuity Group cut their price target on On the Beach Group from GBX 220 ($2.75) to GBX 187 ($2.33) and set a “buy” rating on the stock in a report on Wednesday, October 16th.

On the Beach Group Stock Performance

The company has a market cap of £428.33 million, a P/E ratio of 2,850.00, a PEG ratio of 0.71 and a beta of 2.42. The stock has a fifty day moving average price of GBX 223.34 and a two-hundred day moving average price of GBX 173.58. The company has a debt-to-equity ratio of 34.49, a current ratio of 1.20 and a quick ratio of 0.83.

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

On the Beach Group Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, March 4th. Investors of record on Thursday, January 30th will be given a GBX 2.10 ($0.03) dividend. This represents a 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 dividend payout ratio is currently 1,111.11%.

Insider Transactions at On the Beach Group

In other news, insider Shaun Morton acquired 12,013 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of GBX 209 ($2.61) per share, for a total transaction of £25,107.17 ($31,340.87). Also, insider Simon Cooper bought 3,000,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of GBX 228 ($2.85) per share, for a total transaction of £6,840,000 ($8,538,259.89). Company insiders own 10.69% of the company’s stock.

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.