Dalata Hotel Group (LON:DAL) Share Price Passes Below 50-Day Moving Average of $374.62

Dalata Hotel Group plc (LON:DAL)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 374.62 ($4.71) and traded as low as GBX 365.10 ($4.59). Dalata Hotel Group shares last traded at GBX 366 ($4.60), with a volume of 2,030 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 510 ($6.41) target price on shares of Dalata Hotel Group in a report on Thursday, February 29th.

Dalata Hotel Group Trading Up 0.7 %

The stock has a market cap of £823.27 million, a PE ratio of 1,079.24 and a beta of 1.60. The business’s fifty day moving average is GBX 374.62 and its 200 day moving average is GBX 379.37. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 68.42.

Dalata Hotel Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 1st. Investors of record on Thursday, April 4th were issued a dividend of €0.08 ($0.09) per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a yield of 1.69%. This is an increase from Dalata Hotel Group’s previous dividend of $0.04. 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.