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On The Beach ( (GB:OTB) ) has shared an update.
On The Beach Group PLC has executed a share buyback program, purchasing 250,000 of its own ordinary shares for cancellation on the London Stock Exchange. This move reduces the total number of shares in issue to 148,514,053, potentially impacting shareholder voting rights and market perception of the company’s financial health.
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
On The Beach Group PLC operates within the travel industry, primarily focusing on providing beach holiday packages. The company is known for its online travel services, catering to customers looking for affordable and convenient vacation options.
Average Trading Volume: 840,804
Technical Sentiment Signal: Hold
Current Market Cap: £317.6M
See more insights into OTB stock on TipRanks’ Stock Analysis page.