On The Beach Group PLC (OTB) Raises Dividend to GBX 1.90 Per Share

On The Beach Group PLC (LON:OTB) announced a dividend on Thursday, November 30th, Upcoming.Co.Uk reports. Investors of record on Thursday, January 11th will be paid a dividend of GBX 1.90 ($0.03) per share on Thursday, February 15th. This represents a yield of 0.42%. The ex-dividend date is Thursday, January 11th. This is an increase from On The Beach Group’s previous dividend of $0.90. The official announcement can be viewed at this link.

Shares of On The Beach Group (LON:OTB) traded down GBX 0.50 ($0.01) on Friday, reaching GBX 478 ($6.48). The company had a trading volume of 125,410 shares, compared to its average volume of 188,979. On The Beach Group has a 52 week low of GBX 3.95 ($0.05) and a 52 week high of GBX 500 ($6.78). The stock has a market cap of $629.35 and a price-to-earnings ratio of 3,414.29.

On The Beach Group (LON:OTB) last issued its earnings results on Thursday, November 30th. The company reported GBX 17.60 ($0.24) EPS for the quarter, topping the consensus estimate of GBX 17.50 ($0.24) by GBX 0.10 ($0.00). On The Beach Group had a return on equity of 21.95% and a net margin of 22.24%. The business had revenue of GBX 8,356 million during the quarter.

A number of equities analysts have commented on OTB shares. Peel Hunt reaffirmed a “buy” rating and issued a GBX 500 ($6.78) price target on shares of On The Beach Group in a research note on Thursday, January 4th. Numis Securities restated a “buy” rating and set a GBX 552 ($7.49) price target on shares of On The Beach Group in a research report on Monday, December 18th. Finally, Berenberg Bank boosted their target price on On The Beach Group from GBX 470 ($6.37) to GBX 520 ($7.05) and gave the stock a “buy” rating in a report on Friday, November 10th. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of GBX 476.80 ($6.47).

In other On The Beach Group news, insider Paul Meehan bought 22,222 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was purchased at an average price of GBX 450 ($6.10) per share, for a total transaction of £99,999 ($135,610.25). Also, insider Kirsteen Vickerstaff sold 7,021 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of GBX 427 ($5.79), for a total value of £29,979.67 ($40,655.91). Over the last ninety days, insiders have bought 22,270 shares of company stock worth $10,019,938.

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On The Beach Group Company Profile

On the Beach Group plc is a United Kingdom-based online travel agent. The Company operates in two segments: Core and International. The Company’s core segment conducts its activity through the United Kingdom Website (UK). The Company’s international segment conducts its activity through Swedish Website (eBeach.se).

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