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The latest announcement is out from On The Beach ( (GB:OTB) ).
On The Beach Group PLC, a company listed on the London Stock Exchange, has executed a share buyback program, purchasing 404,366 of its own ordinary shares for cancellation. The shares were bought at prices ranging from 218.00 to 221.00 pence, with a volume-weighted average price of 219.81 pence. Following this transaction, the total number of shares in issue is reduced to 151,882,589, which represents the total voting rights in the company. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
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
Average Trading Volume: 730,299
Technical Sentiment Signal: Hold
Current Market Cap: £332M
For detailed information about OTB stock, go to TipRanks’ Stock Analysis page.