Dalata Hotel Group (LON:DAL) Shares Pass Above 50 Day Moving Average of $394.52

Dalata Hotel Group plc (LON:DAL) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 394.52 ($4.95) and traded as high as GBX 400 ($5.02). Dalata Hotel Group shares last traded at GBX 400 ($5.02), with a volume of 719,493 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 510 ($6.40) price objective on shares of Dalata Hotel Group in a research report on Thursday, February 29th.

Dalata Hotel Group Trading Up 7.5 %

The firm has a market cap of £893.84 million, a P/E ratio of 1,176.47 and a beta of 1.60. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 68.42. The firm’s 50-day simple moving average is GBX 394.52 and its 200 day simple moving average is GBX 378.59.

Dalata Hotel Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 4th will be given a €0.08 ($0.09) dividend. This is a positive change from Dalata Hotel Group’s previous dividend of $0.04. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 1.69%. Dalata Hotel Group’s payout ratio is currently 2,941.18%.

Dalata Hotel Group Company Profile

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.