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On The Beach ( (GB:OTB) ) has provided an update.
On The Beach Group PLC has announced the purchase and cancellation of 425,000 of its own ordinary shares on the London Stock Exchange, with the highest price paid per share being 211.00 pence and the lowest at 205.50 pence. This transaction reduces the total number of shares in issue to 145,715,344, which represents the total voting rights in the company, potentially impacting shareholder calculations 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 beach holiday packages. The company is known for its online platform that allows customers to book flights, hotels, and other travel-related services, catering to a market interested in affordable and convenient vacation options.
Average Trading Volume: 879,303
Technical Sentiment Signal: Sell
Current Market Cap: £313.8M
Learn more about OTB stock on TipRanks’ Stock Analysis page.