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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Berenberg hikes target price on On the Beach

(Sharecast News) - Analysts at Berenberg raised their target price on travel retailer On the Beach 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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