On The Beach Group (OTB)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

145.60p
   
  • Change Today:
      0.80p
  • 52 Week High: 178.00
  • 52 Week Low: 82.80
  • Currency: UK Pounds
  • Shares Issued: 166.98m
  • Volume: 113,079
  • Market Cap: £243.13m

Citi downgrades On The Beach after share price jump

By Michele Maatouk

Date: Tuesday 10 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Citi downgraded its stance on shares of package holiday provider On The Beach on Tuesday to 'neutral' from 'buy' following the 29% share price rise a day earlier on the back of positive news about Pfizer and BioNTech's Covid-19 vaccine.
The jump meant the share price exceeded Citi's previous target price of 340p, which has now been boosted to 370p.

"We believe it is fairly valued here, at long-term average online travel agency multiples on our FY22E estimates," the bank said.

Citi said recent vaccine news gives it confidence in assuming FY22E demand normalisation.

"However we expect FY21E to be a transition year, with winter trading currently challenged, potential vaccine rollout through the year and uncertainty around population uptake and immunity longevity," it said.

The bank therefore assumes FY21 net revenue at 65% of the 2019 level.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

OTB Market Data

Currency UK Pounds
Share Price 145.60p
Change Today 0.80p
% Change 0.55 %
52 Week High 178.00
52 Week Low 82.80
Volume 113,079
Shares Issued 166.98m
Market Cap £243.13m

OTB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.17% below the market average26.17% below the market average26.17% below the market average26.17% below the market average26.17% below the market average
34.62% below the sector average34.62% below the sector average34.62% below the sector average34.62% below the sector average34.62% below the sector average
Price Trend
1.16% below the market average1.16% below the market average1.16% below the market average1.16% below the market average1.16% below the market average
Sector averageSector averageSector averageSector averageSector average
Income
61.82% below the market average61.82% below the market average61.82% below the market average61.82% below the market average61.82% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Growth
94.72% above the market average94.72% above the market average94.72% above the market average94.72% above the market average94.72% above the market average
92.45% above the sector average92.45% above the sector average92.45% above the sector average92.45% above the sector average92.45% above the sector average

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 0
Sell 1
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

OTB Dividends

  Latest Previous
  Interim Final
Ex-Div 30-May-24 09-Jan-20
Paid 28-Jun-24 13-Feb-20
Amount 0.90p 2.00p

Trades for 18-Jun-2024

Time Volume / Share Price
16:35 29,059 @ 145.60p
16:35 243 @ 145.60p
16:35 271 @ 145.60p
16:35 271 @ 145.60p
16:35 413 @ 145.60p

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