On the Beach Group (LON:OTB) Stock Price Up 11.1% Following Insider Buying Activity

Shares of On the Beach Group plc (LON:OTB) were up 11.1% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 197.52 ($2.51) and last traded at GBX 190.66 ($2.42). Approximately 9,769,311 shares were traded during trading, an increase of 1,549% from the average daily volume of 592,532 shares. The stock had previously closed at GBX 171.60 ($2.18).

Specifically, insider Shaun Morton bought 12,013 shares of the stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average price of GBX 209 ($2.66) per share, for a total transaction of £25,107.17 ($31,902.38).

Analyst Ratings Changes

A number of brokerages recently issued reports on OTB. Canaccord Genuity Group dropped their target price on On the Beach Group from GBX 220 ($2.80) to GBX 187 ($2.38) and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 180 ($2.29) price objective on shares of On the Beach Group in a report on Tuesday, October 15th. Finally, Shore Capital restated a “buy” rating on shares of On the Beach Group in a report on Wednesday.

On the Beach Group Trading Up 3.8 %

The company has a market cap of £360.70 million, a P/E ratio of 2,311.11, a P/E/G ratio of 0.71 and a beta of 2.42. The business’s 50-day moving average price is GBX 154.22 and its 200 day moving average price is GBX 148. The company has a debt-to-equity ratio of 34.49, a quick ratio of 0.83 and a current ratio of 1.20.

On the Beach Group Increases Dividend

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