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On The Beach ( (GB:OTB) ) has shared an update.
On The Beach Group PLC has announced the purchase and cancellation of 200,000 of its own ordinary shares on the London Stock Exchange. This share buyback, executed through Deutsche Numis, results in a new total of 145,015,344 shares in issue, impacting the company’s voting rights structure and potentially affecting shareholder interests under the Financial Conduct Authority’s rules.
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, primarily focusing on providing affordable beach holiday packages. The company is known for its online platform that allows customers to book flights, hotels, and transfers, catering to a market that seeks convenient and cost-effective vacation solutions.
Average Trading Volume: 912,181
Technical Sentiment Signal: Sell
Current Market Cap: £300.5M
See more data about OTB stock on TipRanks’ Stock Analysis page.