On the Beach Group (LON:OTB) Reaches New 1-Year High Following Insider Buying Activity

On the Beach Group plc (LON:OTB) hit a new 52-week high on Monday following insider buying activity. The company traded as high as GBX 248.92 ($3.16) and last traded at GBX 238 ($3.03), with a volume of 1378610 shares traded. The stock had previously closed at GBX 239 ($3.04).

Specifically, insider Simon Cooper bought 3,000,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of GBX 228 ($2.90) per share, for a total transaction of £6,840,000 ($8,695,652.17).

Analysts Set New Price Targets

Several research analysts recently issued reports on OTB shares. Canaccord Genuity Group cut their price objective on On the Beach Group from GBX 220 ($2.80) to GBX 187 ($2.38) and set a “buy” rating for the company in a research report on Wednesday, October 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 180 ($2.29) price target on shares of On the Beach Group in a report on Tuesday, October 15th. Finally, Shore Capital reaffirmed a “buy” rating on shares of On the Beach Group in a research note on Wednesday, December 4th.

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 stock has a market capitalization of £396.60 million, a PE ratio of 2,638.89, a P/E/G ratio of 0.71 and a beta of 2.42. The company has a 50-day moving average of GBX 169.84 and a two-hundred day moving average of GBX 153.47.

On the Beach Group Increases Dividend

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

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.