Insider Buying: On the Beach Group plc (LON:OTB) Insider Buys 3,000,000 Shares of Stock

On the Beach Group plc (LON:OTB) insider Simon Cooper purchased 3,000,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was purchased at an average cost of GBX 228 ($2.88) per share, for a total transaction of £6,840,000 ($8,633,093.53).

On the Beach Group Stock Performance

Shares of OTB opened at GBX 239 ($3.02) on Friday. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 34.49. On the Beach Group plc has a 52 week low of GBX 127.75 ($1.61) and a 52 week high of GBX 244 ($3.08). The business has a 50-day simple moving average of GBX 166.05 and a two-hundred day simple moving average of GBX 152.10. The stock has a market cap of £399.11 million, a price-to-earnings ratio of 2,655.56, 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 issued a dividend of GBX 2.10 ($0.03) per share. This is a positive change from On the Beach Group’s previous dividend of $0.90. This represents a yield of 1.02%. The ex-dividend date is Thursday, January 30th. On the Beach Group’s dividend payout ratio (DPR) is 1,111.11%.

Analysts Set New Price Targets

OTB has been the topic of several recent analyst reports. Shore Capital reaffirmed a “buy” rating on shares of On the Beach Group in a report on Wednesday, December 4th. Berenberg Bank restated a “buy” rating and set a GBX 180 ($2.27) target price on shares of On the Beach Group in a report on Tuesday, October 15th. Finally, Canaccord Genuity Group lowered their price objective on On the Beach Group from GBX 220 ($2.78) to GBX 187 ($2.36) and set a “buy” rating for the company in a research note on Wednesday, October 16th.

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.