On the Beach Group (LON:OTB) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of On the Beach Group plc (LON:OTB) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 177.01 ($2.22) and traded as high as GBX 246 ($3.08). On the Beach Group shares last traded at GBX 245 ($3.07), with a volume of 294,722 shares traded.

Wall Street Analyst Weigh In

OTB has been the topic of several research analyst reports. Shore Capital reissued a “buy” rating on shares of On the Beach Group in a research note on Wednesday, December 4th. Canaccord Genuity Group reduced their target price on 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. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 180 ($2.26) price target on shares of On the Beach Group in a research note on Tuesday, October 15th.

On the Beach Group Stock Up 0.6 %

The company has a debt-to-equity ratio of 34.49, a quick ratio of 0.83 and a current ratio of 1.20. The stock’s 50 day simple moving average is GBX 177.01 and its 200 day simple moving average is GBX 156.20. The firm has a market cap of £409.13 million, a P/E ratio of 2,722.22, a price-to-earnings-growth 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. Stockholders of record on Thursday, January 30th will be given a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date is Thursday, January 30th. This is an increase from On the Beach Group’s previous dividend of $0.90. This represents a dividend yield of 1.02%. On the Beach Group’s payout ratio is presently 1,111.11%.

Insider Buying and Selling

In related news, insider Simon Cooper purchased 3,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of GBX 228 ($2.86) per share, for a total transaction of £6,840,000 ($8,574,652.12). Also, insider Shaun Morton acquired 12,013 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were bought at an average price of GBX 209 ($2.62) per share, for a total transaction of £25,107.17 ($31,474.45). 10.69% of the stock is currently owned by company insiders.

On the Beach Group Company Profile

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.