Dalata Hotel Group (LON:DAL) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Dalata Hotel Group (LON:DAL) in a research note released on Tuesday morning, Marketbeat reports. They currently have a GBX 480 ($6.27) target price on the stock.

Dalata Hotel Group Stock Performance

Shares of LON:DAL opened at GBX 340 ($4.44) on Tuesday. The company has a debt-to-equity ratio of 69.14, a quick ratio of 0.70 and a current ratio of 0.82. The stock has a market capitalization of £741.47 million, a price-to-earnings ratio of 1,030.30 and a beta of 1.65. The stock’s 50-day simple moving average is GBX 351.46 and its two-hundred day simple moving average is GBX 355.17. Dalata Hotel Group has a 52-week low of GBX 310 ($4.05) and a 52-week high of GBX 436 ($5.69).

Dalata Hotel Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, September 12th were issued a dividend of €0.04 ($0.04) per share. This represents a yield of 0.92%. The ex-dividend date of this dividend was Thursday, September 12th. Dalata Hotel Group’s dividend payout ratio (DPR) is currently 3,030.30%.

About Dalata Hotel Group

Dalata Hotel Group plc owns, leases, and manages hotels under the Maldron Hotels and Clayton Hotels brand names in Dublin, Regional Ireland, the United Kingdom, and Continental Europe. It operates four-star hotels; and boutique hotels under The Gibson Hotel, The Samuel Hotel, Hotel 7, and The Belvedere Hotel brands.