On the Beach Group (LON:OTB) Hits New 12-Month High – Still a Buy?

On the Beach Group plc (LON:OTB) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 249 ($3.12) and last traded at GBX 244 ($3.06), with a volume of 730878 shares trading hands. The stock had previously closed at GBX 245 ($3.07).

Analysts Set New Price Targets

OTB has been the subject of several recent analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 180 ($2.26) target price on shares of On the Beach Group in a research note on Tuesday, October 15th. Shore Capital restated a “buy” rating on shares of On the Beach Group in a research note on Wednesday, December 4th. Finally, Canaccord Genuity Group lowered their target price on shares of On the Beach Group from GBX 220 ($2.76) to GBX 187 ($2.34) and set a “buy” rating for the company in a research note on Wednesday, October 16th.

On the Beach Group Stock Down 0.4 %

The company’s 50 day moving average price is GBX 182.51 and its 200 day moving average price is GBX 158.30. 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 £407.46 million, a price-to-earnings ratio of 2,711.11, a P/E/G ratio of 0.71 and a beta of 2.42.

On the Beach Group Increases Dividend

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

Insider Buying and Selling

In related news, insider Simon Cooper bought 3,000,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of GBX 228 ($2.86) per share, with a total value of £6,840,000 ($8,571,428.57). Also, insider Shaun Morton acquired 12,013 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of GBX 209 ($2.62) per share, with a total value of £25,107.17 ($31,462.62). 10.69% of the stock is currently owned by corporate insiders.

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.