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On The Beach ( (GB:OTB) ) has shared an announcement.
On The Beach Group PLC has announced the purchase and cancellation of 208,883 of its own ordinary shares on the London Stock Exchange, as part of its share buyback program. This move reduces the total number of shares in circulation to 148,764,053, impacting the company’s voting rights and potentially influencing shareholder interests and market perception.
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 offering affordable travel options and has a significant presence in the online travel market.
Average Trading Volume: 835,468
Technical Sentiment Signal: Hold
Current Market Cap: £327.3M
See more data about OTB stock on TipRanks’ Stock Analysis page.