On the Beach Group (LON:OTB) Hits New 12-Month High - Still a Buy?

On the Beach Group plc (LON:OTB) reached a new 52-week high during trading last Friday, with its shares climbing as high as GBX 249 ($3.12). The shares last traded at GBX 244 ($3.06) on a volume of 730,878 shares, following a previous close of GBX 245 ($3.07).

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Analyst Ratings Changes

Recently, several analysts have shared their views on OTB shares. Berenberg Bank maintained a "buy" rating and set a price target of GBX 180 ($2.26) in a report published on October 15th. Shore Capital also reaffirmed a "buy" rating on December 4th. Canaccord Genuity, however, lowered its price target from GBX 220 ($2.76) to GBX 187 ($2.34) but still maintains a