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On The Beach ( (GB:OTB) ) has provided an update.
On The Beach Group PLC, a company listed on the London Stock Exchange, has announced the purchase and cancellation of 200,000 of its own ordinary shares. This transaction is part of the company’s share buyback program, which aims to reduce the number of shares in circulation, thereby potentially increasing the value of remaining shares. Following this transaction, the total number of shares in issue is 145,515,344, which represents the total voting rights in the company. This move could impact shareholder calculations regarding their interest in the company 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
Average Trading Volume: 900,203
Technical Sentiment Signal: Sell
Current Market Cap: £306.2M
For a thorough assessment of OTB stock, go to TipRanks’ Stock Analysis page.