On the Beach Group (LON:OTB) Hits New 1-Year High – Should You Buy?

On the Beach Group plc (LON:OTB) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 255 ($3.10) and last traded at GBX 252 ($3.07), with a volume of 479259 shares trading hands. The stock had previously closed at GBX 253.50 ($3.08).

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OTB. Berenberg Bank reissued a “buy” rating and issued a GBX 180 ($2.19) target price on shares of On the Beach Group in a research note on Tuesday, October 15th. Shore Capital reissued a “buy” rating on shares of On the Beach Group in a research note on Wednesday, December 4th. Finally, Canaccord Genuity Group cut their target price on On the Beach Group from GBX 220 ($2.68) to GBX 187 ($2.28) and set a “buy” rating for the company in a research note on Wednesday, October 16th.

On the Beach Group Trading Down 0.6 %

The stock has a market cap of £420.81 million, a PE ratio of 2,800.00, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The company’s 50-day moving average price is GBX 213.37 and its 200 day moving average price is GBX 169.64. The company has a debt-to-equity ratio of 34.49, a quick ratio of 0.83 and a current ratio of 1.20.

On the Beach Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Thursday, January 30th will be given a GBX 2.10 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a yield of 1.02%. This is an increase from On the Beach Group’s previous dividend of $0.90. On the Beach Group’s payout ratio is currently 1,111.11%.

Insider Transactions at On the Beach Group

In other news, 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 purchased at an average price of GBX 228 ($2.77) per share, for a total transaction of £6,840,000 ($8,322,180.31). Also, insider Shaun Morton bought 12,013 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of GBX 209 ($2.54) per share, for a total transaction of £25,107.17 ($30,547.72). 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.