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On The Beach ( (GB:OTB) ) has shared an update.
On The Beach Group PLC announced the purchase and cancellation of 284,817 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 issue to 150,796,470, potentially impacting shareholder voting rights and interest notifications under regulatory guidelines.
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 for customers, leveraging online platforms to reach a wide market.
Average Trading Volume: 743,939
Technical Sentiment Signal: Hold
Current Market Cap: £334.6M
Find detailed analytics on OTB stock on TipRanks’ Stock Analysis page.