Dalata Hotel Group plc (LON:DAL – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 361.44 ($4.44) and traded as high as GBX 369.98 ($4.54). Dalata Hotel Group shares last traded at GBX 366 ($4.49), with a volume of 10,264 shares trading hands.
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 510 ($6.26) target price on shares of Dalata Hotel Group in a research report on Thursday, September 21st.
Dalata Hotel Group Price Performance
Dalata Hotel Group Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, October 6th. Stockholders of record on Thursday, September 14th were paid a €0.04 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a dividend yield of 0.96%. Dalata Hotel Group’s payout ratio is currently 1,944.44%.
Insider Transactions at Dalata Hotel Group
In other news, insider John Hennessy purchased 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were bought at an average price of GBX 435 ($5.34) per share, for a total transaction of £130,500 ($160,260.35). In other Dalata Hotel Group news, insider Gervaise Slowey purchased 7,000 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were purchased at an average cost of GBX 390 ($4.79) per share, with a total value of £27,300 ($33,525.73). Also, insider John Hennessy bought 30,000 shares of Dalata Hotel Group stock in a transaction on Friday, September 1st. The shares were purchased at an average cost of GBX 435 ($5.34) per share, for a total transaction of £130,500 ($160,260.35). Company insiders own 14.05% of the company’s stock.
Dalata Hotel Group Company Profile
Dalata Hotel Group plc owns and operates hotels under the Maldron Hotels and Clayton Hotels brand names in Dublin, Regional Ireland, and the United Kingdom. The company operates three-star and four-star hotels. It also operates Grain & Grill restaurants; Club Vitae health leisure clubs; and Red Bean Roastery coffee shop.
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