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The latest announcement is out from On The Beach ( (GB:OTB) ).
On The Beach Group PLC has executed a share buyback program, purchasing 500,706 ordinary shares for cancellation at a volume-weighted average price of 216.35 pence per share. This transaction reduces the company’s total shares in issue to 152,682,853, impacting the 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 travel options to customers, leveraging online platforms to reach a broad market.
Average Trading Volume: 705,450
Technical Sentiment Signal: Sell
Current Market Cap: £324.2M
See more data about OTB stock on TipRanks’ Stock Analysis page.
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