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On The Beach ( (GB:OTB) ) has provided an announcement.
On The Beach Group PLC, a prominent player in the travel industry, has announced the purchase and cancellation of 250,000 of its own ordinary shares on the London Stock Exchange. This move, executed through Deutsche Numis, is part of the company’s share buyback program and results in a total of 148,972,936 ordinary shares remaining in issue. This transaction is significant as it impacts the total voting rights in the company, which may influence shareholder calculations under the Financial Conduct Authority’s rules.
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
Average Trading Volume: 835,468
Technical Sentiment Signal: Hold
Current Market Cap: £327.3M
For a thorough assessment of OTB stock, go to TipRanks’ Stock Analysis page.