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An announcement from On The Beach ( (GB:OTB) ) is now available.
On The Beach Group PLC has announced the purchase and cancellation of 600,000 of its own ordinary shares, executed through Deutsche Numis on the London Stock Exchange. This transaction reduces the total number of shares in issue to 150,196,470, impacting the company’s total voting rights and potentially affecting shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:OTB) stock is a Buy with a £3.30 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 reflects strong financial performance, particularly in profitability and cash flow generation. However, technical analysis indicates potential bearish momentum, and the valuation suggests the stock may be expensive. The absence of earnings call data and corporate events limits additional insights.
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, primarily offering beach holiday packages. The company focuses on providing affordable and convenient travel options to its customers, leveraging its online platform to reach a broad market.
Average Trading Volume: 743,939
Technical Sentiment Signal: Hold
Current Market Cap: £334.6M
For an in-depth examination of OTB stock, go to TipRanks’ Overview page.