PPHE Hotel Group Limited (LON:PPH) Increases Dividend to GBX 17 Per Share

PPHE Hotel Group Limited (LON:PPH) declared a dividend on Thursday, August 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 19th will be given a dividend of GBX 17 ($0.22) per share on Tuesday, October 15th. This represents a yield of 1.25%. The ex-dividend date of this dividend is Thursday, September 19th. This is a positive change from PPHE Hotel Group’s previous dividend of $16.00. The official announcement can be accessed at this link.

PPHE Hotel Group Price Performance

Shares of PPH stock opened at GBX 1,259.50 ($16.64) on Wednesday. The firm has a fifty day simple moving average of GBX 1,345.49 and a 200-day simple moving average of GBX 1,366.12. The company has a market capitalization of £527.98 million, a PE ratio of 2,423.08 and a beta of 1.11. PPHE Hotel Group has a twelve month low of GBX 1,000 ($13.21) and a twelve month high of GBX 1,530.75 ($20.22). The company has a current ratio of 0.98, a quick ratio of 1.19 and a debt-to-equity ratio of 229.62.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PPH shares. JPMorgan Chase & Co. decreased their price objective on shares of PPHE Hotel Group from GBX 1,550 ($20.48) to GBX 1,500 ($19.82) and set a “neutral” rating for the company in a research report on Monday, September 2nd. Jefferies Financial Group restated a “buy” rating and set a GBX 17 ($0.22) price objective on shares of PPHE Hotel Group in a report on Friday, August 30th.

About PPHE Hotel Group

PPHE Hotel Group Limited owns, co-owns, develops, leases, operates, and franchises full-service upscale, upper upscale, and lifestyle hotels in the Netherlands, Germany, Hungary, Croatia, Serbia, Italy, Austria, and the United Kingdom. It owns and operates hotels and resorts under the Park Plaza, the art'otel, Radisson Collection, and the Arena Campsites brands, as well as the Arena Hotels & Apartments.