On the Beach Group (LON:OTB) Hits New 52-Week High – Should You Buy?

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Canaccord Genuity Group cut their price objective 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 report on Wednesday, October 16th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 180 ($2.24) price target on shares of On the Beach Group in a research report on Tuesday, October 15th. Finally, Shore Capital reissued a “buy” rating on shares of On the Beach Group in a research report on Wednesday, December 4th.

On the Beach Group Trading Up 0.8 %

The stock 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. The business’s 50 day moving average is GBX 227.14 and its 200 day moving average is GBX 175.13. 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 released its quarterly earnings data on Tuesday, December 3rd. The company reported GBX 14.10 ($0.18) earnings per share (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, equities analysts expect 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 disclosed a dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Thursday, January 30th will be issued a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date is Thursday, January 30th. This represents a yield of 1.02%. This is a boost from On the Beach Group’s previous dividend of $0.90. On the Beach Group’s dividend payout ratio (DPR) is presently 1,111.11%.

Insider Transactions at On the Beach Group

In other news, insider Simon Cooper purchased 3,000,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were bought at an average price of GBX 228 ($2.84) per share, with a total value of £6,840,000 ($8,510,638.30). Also, insider Shaun Morton acquired 12,013 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of GBX 209 ($2.60) per share, with a total value of £25,107.17 ($31,239.48). Insiders own 10.69% of the company’s stock.

About On the Beach Group

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.