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An update from On The Beach ( (GB:OTB) ) is now available.
On The Beach Group PLC announced a share buyback program, purchasing 167,497 of its own shares on the London Stock Exchange for cancellation. This move reduces the total number of shares in circulation to 151,081,287, impacting the company’s voting rights and potentially influencing shareholder interest and market perception.
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 offering beach holiday packages. The company focuses on providing affordable and convenient vacation options to a wide range of customers.
Average Trading Volume: 739,661
Technical Sentiment Signal: Hold
Current Market Cap: £336.5M
See more insights into OTB stock on TipRanks’ Stock Analysis page.