Berenberg Bank reissued their buy rating on shares of Dalata Hotel Group (LON:DAL – Free Report) in a report released on Thursday morning, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 510 ($6.47) target price on the stock.
Dalata Hotel Group Stock Performance
Dalata Hotel Group stock opened at GBX 385.46 ($4.89) on Thursday. The firm’s fifty day moving average price is GBX 400.81 and its 200-day moving average price is GBX 376.66. The company has a debt-to-equity ratio of 68.44, a quick ratio of 0.70 and a current ratio of 1.37. The stock has a market cap of £861.35 million, a P/E ratio of 1,085.71 and a beta of 1.61. Dalata Hotel Group has a fifty-two week low of GBX 324 ($4.11) and a fifty-two week high of GBX 436 ($5.53).
Dalata Hotel Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 4th will be given a dividend of €0.08 ($0.09) per share. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 1.69%. This is a boost from Dalata Hotel Group’s previous dividend of $0.04. Dalata Hotel Group’s dividend payout ratio (DPR) is 2,000.00%.
About Dalata Hotel Group
Dalata Hotel Group plc owns and operates hotels under the Maldron Hotels and Clayton Hotels brand names in Dublin, Regional Ireland, and the United Kingdom. The company operates three-star and four-star hotels. It also operates Grain & Grill restaurants; Club Vitae health leisure clubs; and Red Bean Roastery coffee shop.
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