Dalata Hotel Group (LON:DAL) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Dalata Hotel Group plc (LON:DAL) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 371.07 ($4.59) and traded as high as GBX 400 ($4.95). Dalata Hotel Group shares last traded at GBX 400 ($4.95), with a volume of 2 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 480 ($5.94) price target on shares of Dalata Hotel Group in a report on Tuesday, October 15th.

Dalata Hotel Group Stock Performance

The company has a market cap of £872.32 million, a price-to-earnings ratio of 1,212.12 and a beta of 1.65. The company has a debt-to-equity ratio of 69.14, a quick ratio of 0.70 and a current ratio of 0.82. The company has a fifty day moving average of GBX 371.07 and a two-hundred day moving average of GBX 356.73.

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.