On the Beach Group (LON:OTB) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

On the Beach Group plc (LON:OTB)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 146.98 ($1.91) and traded as high as GBX 155 ($2.02). On the Beach Group shares last traded at GBX 153.40 ($2.00), with a volume of 395,874 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 180 ($2.34) target price on shares of On the Beach Group in a research report on Tuesday, October 15th. Canaccord Genuity Group lowered their price target on On the Beach Group from GBX 220 ($2.86) to GBX 187 ($2.43) and set a “buy” rating for the company in a research report on Wednesday, October 16th.

On the Beach Group Price Performance

The company has a debt-to-equity ratio of 34.49, a current ratio of 1.20 and a quick ratio of 0.83. The firm has a 50-day simple moving average of GBX 146.98 and a 200 day simple moving average of GBX 145.61. The firm has a market cap of £256.16 million, a PE ratio of 1,704.44, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42.

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.