On the Beach Group (LON:OTB) Reaches New 52-Week High After Insider Buying Activity

Shares of On the Beach Group plc (LON:OTB) reached a new 52-week high during mid-day trading on Monday following insider buying activity. The company traded as high as GBX 248.92 ($3.14) and last traded at GBX 238 ($3.01), with a volume of 1378610 shares trading hands. The stock had previously closed at GBX 239 ($3.02).

Specifically, insider Simon Cooper bought 3,000,000 shares of On the Beach Group stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of GBX 228 ($2.88) per share, with a total value of £6,840,000 ($8,636,363.64).

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on OTB shares. Shore Capital reissued a “buy” rating on shares of On the Beach Group in a research note on Wednesday, December 4th. Berenberg Bank reissued a “buy” rating and set a GBX 180 ($2.27) target price on shares of On the Beach Group in a research report on Tuesday, October 15th. Finally, Canaccord Genuity Group reduced their price objective on shares of On the Beach Group from GBX 220 ($2.78) to GBX 187 ($2.36) and set a “buy” rating for the company in a research note on Wednesday, October 16th.

On the Beach Group Stock Performance

The business has a 50-day moving average price of GBX 166.05 and a 200-day moving average price of GBX 152.10. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 34.49. The firm has a market capitalization of £397.44 million, a price-to-earnings ratio of 2,655.56, a P/E/G ratio of 0.71 and a beta of 2.42.

On the Beach Group Increases Dividend

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

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.