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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 and canceling 300,000 ordinary shares at an average price of 220.55 pence per share. This transaction reduces the total number of shares in issue to 155,079,777, which affects the total voting rights and may require shareholders to reassess their holdings in compliance with the Financial Conduct Authority’s rules.
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, offering holiday packages primarily focused on beach destinations. The company is known for providing affordable travel options and has a significant presence in the online travel booking sector.
Average Trading Volume: 610,301
Technical Sentiment Signal: Hold
Current Market Cap: £341.1M
Find detailed analytics on OTB stock on TipRanks’ Stock Analysis page.