Dalata Hotel Group (LON:DAL) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of Dalata Hotel Group plc (LON:DAL) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 379.49 ($4.72) and traded as high as GBX 418 ($5.20). Dalata Hotel Group shares last traded at GBX 418 ($5.20), with a volume of 1,494 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 480 ($5.97) price target on shares of Dalata Hotel Group in a research note on Tuesday, October 15th.

Dalata Hotel Group Trading Up 5.8 %

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 business’s 50 day moving average is GBX 379.49 and its 200 day moving average is GBX 362. The stock has a market cap of £911.57 million, a price-to-earnings ratio of 1,266.67 and a beta of 1.65.

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.