PPHE Hotel Group (LON:PPH) Stock Price Crosses Below 200-Day Moving Average of $1,788.34

PPHE Hotel Group Ltd (LON:PPH)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1,788.34 and traded as low as $1,750.00. PPHE Hotel Group shares last traded at $1,760.00, with a volume of 13,982 shares trading hands.

Several equities research analysts have recently issued reports on the company. Kepler Capital Markets reaffirmed a “buy” rating on shares of PPHE Hotel Group in a research report on Monday, September 9th. FinnCap reaffirmed a “corporate” rating on shares of PPHE Hotel Group in a research report on Friday, September 6th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,150 ($28.09) target price on shares of PPHE Hotel Group in a research report on Thursday, September 5th. Finally, Jefferies Financial Group assumed coverage on PPHE Hotel Group in a research report on Wednesday, September 18th. They set a “buy” rating and a GBX 2,200 ($28.75) target price for the company.

The stock has a market capitalization of $746.21 million and a PE ratio of 27.59. The firm has a 50-day moving average price of GBX 1,793 and a 200-day moving average price of GBX 1,788.34. The company has a current ratio of 2.46, a quick ratio of 2.38 and a debt-to-equity ratio of 144.80.

The firm also recently announced a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th will be given a dividend of GBX 17 ($0.22) per share. This represents a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, September 19th. PPHE Hotel Group’s dividend payout ratio is presently 0.56%.

In other PPHE Hotel Group news, insider Eli Papouchado bought 670,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was purchased at an average cost of GBX 1,600 ($20.91) per share, with a total value of £10,720,000 ($14,007,578.73).

PPHE Hotel Group Company Profile (LON:PPH)

PPHE Hotel Group Limited owns, develops, leases, operates, and franchises full-service upscale and lifestyle hotels in Europe, the Middle East, and Africa. It owns and operates hotels and resorts under the Park Plaza, the art'otel, and the Arena Campsites brands, as well as the Arena Hotels & Apartments.

Recommended Story: Leveraged Buyout (LBO) Explained

Receive News & Ratings for PPHE Hotel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPHE Hotel Group and related companies with MarketBeat.com's FREE daily email newsletter.