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On The Beach ( (GB:OTB) ) has issued an update.
On The Beach Group PLC has announced the purchase and cancellation of 171,617 of its own ordinary shares on the London Stock Exchange, as part of its share buyback program. This transaction reduces the company’s total number of shares in issue to 151,635,972, which will impact the voting rights and shareholding calculations for stakeholders, aligning with 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 focusing on providing holiday packages and travel services. The company is well-known for its online platform that offers a wide range of beach holidays to various destinations, catering to a broad market of travelers.
Average Trading Volume: 727,245
Technical Sentiment Signal: Hold
Current Market Cap: £339.5M
Find detailed analytics on OTB stock on TipRanks’ Stock Analysis page.