Dalata Hotel Group (LON:DAL) Stock Crosses Above 50-Day Moving Average – What’s Next?

Dalata Hotel Group plc (LON:DAL) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 350.69 ($4.55) and traded as high as GBX 366 ($4.75). Dalata Hotel Group shares last traded at GBX 349 ($4.53), with a volume of 3,045 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 480 ($6.22) price objective on shares of Dalata Hotel Group in a research note on Tuesday, October 15th.

Dalata Hotel Group Trading Up 0.6 %

The firm’s 50 day moving average is GBX 350.15 and its 200 day moving average is GBX 352.93. The company has a debt-to-equity ratio of 69.14, a current ratio of 0.82 and a quick ratio of 0.70. The company has a market capitalization of £765.46 million, a PE ratio of 1,057.58 and a beta of 1.65.

Dalata Hotel Group Cuts Dividend

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

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.