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On The Beach ( (GB:OTB) ) just unveiled an update.
On The Beach Group PLC has executed a share buyback program, purchasing 235,663 ordinary shares for cancellation at an average price of 219.2337 pence per share. This transaction reduces the total number of shares in circulation to 149,222,936, impacting shareholder voting rights and potentially enhancing shareholder value by increasing earnings per share.
The most recent analyst rating on (GB:OTB) stock is a Hold with a £224.00 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, primarily offering holiday packages and travel services. The company focuses on providing affordable beach holidays and has a significant presence in the UK market.
Average Trading Volume: 829,967
Technical Sentiment Signal: Hold
Current Market Cap: £327.3M
Find detailed analytics on OTB stock on TipRanks’ Stock Analysis page.