Dalata Hotel Group (LON:DAL) Price Target Cut to GBX 480 by Analysts at Berenberg Bank

Dalata Hotel Group (LON:DAL) had its price target lowered by Berenberg Bank from GBX 510 ($6.71) to GBX 480 ($6.31) in a research note released on Wednesday, MarketBeat.com reports. Berenberg Bank currently has a buy rating on the stock.

Dalata Hotel Group Trading Down 6.9 %

Dalata Hotel Group stock opened at GBX 338 ($4.44) on Wednesday. The stock has a 50-day moving average of GBX 352.43 and a two-hundred day moving average of GBX 362.49. The company has a debt-to-equity ratio of 68.42, a quick ratio of 0.70 and a current ratio of 0.69. Dalata Hotel Group has a one year low of GBX 324 ($4.26) and a one year high of GBX 436 ($5.73). The stock has a market cap of £758.57 million, a PE ratio of 994.12 and a beta of 1.65.

Dalata Hotel Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, September 12th will be paid a €0.04 ($0.05) dividend. This represents a yield of 0.92%. The ex-dividend date of this dividend is Thursday, September 12th. Dalata Hotel Group’s dividend payout ratio (DPR) is presently 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.