Dalata Hotel Group (LON:DAL) Shares Cross Above 50 Day Moving Average – Here’s Why

Dalata Hotel Group plc (LON:DAL)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 371.07 ($4.61) and traded as high as GBX 400 ($4.97). Dalata Hotel Group shares last traded at GBX 400 ($4.97), with a volume of 2 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 480 ($5.96) price objective on shares of Dalata Hotel Group in a research note on Tuesday, October 15th.

Dalata Hotel Group Trading Up 3.4 %

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 stock has a market capitalization of £867.96 million, a price-to-earnings ratio of 1,206.06 and a beta of 1.65. The firm has a fifty day moving average of GBX 372.23 and a 200-day moving average of GBX 357.15.

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.