Dalata Hotel Group (LON:DAL) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Dalata Hotel Group (LON:DALFree 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

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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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