PPHE Hotel Group’s (PPH) Buy Rating Reaffirmed at Berenberg Bank

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Berenberg Bank reiterated their buy rating on shares of PPHE Hotel Group (LON:PPH) in a report released on Wednesday, Digital Look reports. They currently have a GBX 2,150 ($28.09) price target on the stock.

PPH has been the subject of several other research reports. Kepler Capital Markets reaffirmed a buy rating on shares of PPHE Hotel Group in a research note on Monday, September 9th. Jefferies Financial Group assumed coverage on shares of PPHE Hotel Group in a research note on Wednesday, September 18th. They set a buy rating and a GBX 2,200 ($28.75) price objective for the company. Finally, FinnCap reaffirmed a corporate rating on shares of PPHE Hotel Group in a research note on Friday, September 6th.

Shares of LON:PPH opened at GBX 1,760 ($23.00) on Wednesday. The company has a 50 day moving average of GBX 1,786 and a 200 day moving average of GBX 1,790.32. The stock has a market cap of $746.21 million and a P/E ratio of 27.59. PPHE Hotel Group has a 12 month low of GBX 1,520 ($19.86) and a 12 month high of GBX 2,020 ($26.39). The company has a current ratio of 2.46, a quick ratio of 2.38 and a debt-to-equity ratio of 144.80.

The business also recently declared a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th will be paid a GBX 17 ($0.22) dividend. The ex-dividend date is Thursday, September 19th. This represents a yield of 0.98%. PPHE Hotel Group’s dividend payout ratio is presently 0.56%.

In related news, insider Eli Papouchado purchased 670,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of GBX 1,600 ($20.91) per share, with a total value of £10,720,000 ($14,007,578.73).

About PPHE Hotel Group

PPHE Hotel Group Limited owns, develops, leases, operates, and franchises full-service upscale and lifestyle hotels in Europe, the Middle East, and Africa. It owns and operates hotels and resorts under the Park Plaza, the art'otel, and the Arena Campsites brands, as well as the Arena Hotels & Apartments.

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