On the Beach Group (LON:OTB) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank restated their buy rating on shares of On the Beach Group (LON:OTB) in a research note released on Tuesday, LSE.Co.UK reports. They currently have a GBX 180 ($2.35) price target on the stock.

Separately, Canaccord Genuity Group reduced their target price on On the Beach Group from GBX 220 ($2.87) to GBX 187 ($2.44) and set a buy rating for the company in a report on Wednesday.

On the Beach Group Stock Performance

Shares of On the Beach Group stock traded up GBX 2.20 ($0.03) on Tuesday, hitting GBX 153.80 ($2.01). The stock had a trading volume of 290,272 shares, compared to its average volume of 529,176. On the Beach Group has a 52-week low of GBX 90.20 ($1.18) and a 52-week high of GBX 181.60 ($2.37). 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 has a market cap of £256.83 million, a price-to-earnings ratio of 1,708.89, a P/E/G ratio of 0.71 and a beta of 2.42. The company’s 50 day moving average price is GBX 146.15 and its 200 day moving average price is GBX 146.80.

On the Beach Group Company Profile

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.