TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
On The Beach ( (GB:OTB) ) has shared an update.
On The Beach Group PLC has completed its share buyback program, purchasing 11,569,166 ordinary shares at an average price of 216.09 pence per share, totaling £25,000,226.09. This move reduces the total number of shares in circulation to 144,905,096, impacting the company’s market positioning by potentially increasing shareholder value and altering voting rights.
The most recent analyst rating on (GB:OTB) stock is a Buy with a £300.00 price target. To see the full list of analyst forecasts on On The Beach stock, see the GB:OTB Stock Forecast page.
Spark’s Take on GB:OTB Stock
According to Spark, TipRanks’ AI Analyst, GB:OTB is a Neutral.
On The Beach’s overall stock score is driven by solid financial performance, despite a recent decline in revenue. Technical analysis indicates bearish momentum, which weighs on the score. Valuation metrics suggest the stock is fairly valued, but not particularly attractive. The absence of earnings call insights and notable corporate events limits additional context.
To see Spark’s full report on GB:OTB stock, click here.
More about On The Beach
On The Beach Group PLC operates in the travel industry, focusing on providing beach holiday packages. The company is known for its online travel agency services, catering to a wide range of customers seeking affordable and convenient vacation options.
Average Trading Volume: 923,836
Technical Sentiment Signal: Sell
Current Market Cap: £299.1M
Learn more about OTB stock on TipRanks’ Stock Analysis page.