Dalata Hotel Group (LON:DAL) Earns Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Dalata Hotel Group (LON:DAL) in a research report sent to investors on Tuesday morning, MarketBeat reports. Berenberg Bank currently has a GBX 480 ($6.27) price objective on the stock.

Dalata Hotel Group Price Performance

Shares of LON DAL opened at GBX 340 ($4.44) on Tuesday. Dalata Hotel Group has a 52-week low of GBX 310 ($4.05) and a 52-week high of GBX 436 ($5.69). The firm has a market capitalization of £741.47 million, a price-to-earnings ratio of 1,079.39 and a beta of 1.65. The stock has a 50 day moving average price of GBX 351.89 and a 200 day moving average price of GBX 355.07. The company has a debt-to-equity ratio of 69.14, a quick ratio of 0.70 and a current ratio of 0.82.

Dalata Hotel Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, September 12th were issued a €0.04 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 0.92%. Dalata Hotel Group’s payout ratio is currently 3,030.30%.

About Dalata Hotel Group

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.