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

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on OTB shares. Canaccord Genuity Group reduced their price objective on shares of On the Beach Group from GBX 220 ($2.68) to GBX 187 ($2.28) and set a “buy” rating on the stock in a report on Wednesday, October 16th. Shore Capital reaffirmed a “buy” rating on shares of On the Beach Group in a report on Wednesday, December 4th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 180 ($2.19) price objective on shares of On the Beach Group in a research report on Tuesday, October 15th.

On the Beach Group Stock Performance

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 firm’s fifty day moving average price is GBX 213.37 and its 200-day moving average price is GBX 169.64. The firm has a market cap of £420.81 million, a price-to-earnings ratio of 2,800.00, a PEG 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. Shareholders of record on Thursday, January 30th will be paid a GBX 2.10 ($0.03) dividend. This represents a yield of 1.02%. The ex-dividend date of this dividend is Thursday, January 30th. This is an increase from On the Beach Group’s previous dividend of $0.90. On the Beach Group’s dividend payout ratio is currently 1,111.11%.

Insiders Place Their Bets

In other On the Beach Group news, insider Simon Cooper bought 3,000,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost 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 business’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of GBX 209 ($2.54) per share, for a total transaction of £25,107.17 ($30,547.72). Corporate 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.