Berenberg hikes target price on On the Beach
Analysts at Berenberg raised their target price on travel retailer On The Beach Group Plc from 300p to 330p on Monday following the group's full-year results on 2 December.
Berenberg noted that On the Beach's FY25 results had "calmed the market" on the company's outlook, with summer 2026 bookings building momentum and supporting an outlook in line with expectations.
"While the company has a lot to do to reach its medium-term ambition, the business is performing well, both in its core beach business and city breaks and in the Republic of Ireland, and it is continuing to outgrow the market and deliver robust shareholder returns," said Berenberg, which reiterated its 'buy' rating on the stock.
The German bank added that on multiples, On the Beach trades on 10.1x/8.1x its FY26/27 estimates.
Reporing by Iain Gilbert at Sharecast.com
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