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On The Beach ( (GB:OTB) ) has provided an update.
On The Beach Group PLC has announced the repurchase and cancellation of 300,000 of its ordinary shares on the London Stock Exchange, with a volume-weighted average price of 213.5013 pence per share. This transaction reduces the total number of shares in circulation to 146,140,344, which represents the total voting rights in the company. This move is part of the company’s share buyback program, potentially enhancing shareholder value and indicating confidence in the company’s financial health.
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 has a significant presence in the UK market.
Average Trading Volume: 879,303
Technical Sentiment Signal: Sell
Current Market Cap: £313.8M
Learn more about OTB stock on TipRanks’ Stock Analysis page.