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An announcement from On The Beach ( (GB:OTB) ) is now available.
On The Beach Group PLC has announced the repurchase and cancellation of 261,543 of its ordinary shares on the London Stock Exchange, with prices ranging from 221.00 pence to 225.50 pence per share. This transaction reduces the total number of shares in issue to 151,248,784, impacting the voting rights and shareholding calculations under 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, primarily offering online holiday booking services. The company focuses on providing affordable beach vacations and has a significant presence in the UK market.
Average Trading Volume: 726,866
Technical Sentiment Signal: Hold
Current Market Cap: £340.4M
Learn more about OTB stock on TipRanks’ Stock Analysis page.