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An update from On The Beach ( (GB:OTB) ) is now available.
On The Beach Group PLC has announced the purchase and cancellation of 200,000 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 147,805,427, which represents the total voting rights in the company. This move is part of the company’s share buyback program, potentially aimed at enhancing shareholder value and optimizing capital structure.
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 vacations and is listed on the London Stock Exchange.
Average Trading Volume: 854,776
Technical Sentiment Signal: Sell
Current Market Cap: £317.1M
Find detailed analytics on OTB stock on TipRanks’ Stock Analysis page.