PPHE Hotel Group Limited (PPH) to Issue Dividend of GBX 17 on October 15th

PPHE Hotel Group Limited (LON:PPH) announced a dividend on Thursday, August 29th, Upcoming.Co.Uk reports. Stockholders 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 dividend yield of 1.25%. The ex-dividend date is Thursday, September 19th. This is an increase from PPHE Hotel Group’s previous dividend of $16.00. The official announcement can be viewed at this link.

PPHE Hotel Group Stock Performance

LON PPH opened at GBX 1,275 ($16.84) on Tuesday. The firm has a 50-day moving average of GBX 1,346.79 and a 200-day moving average of GBX 1,366.36. The company has a debt-to-equity ratio of 229.62, a quick ratio of 1.19 and a current ratio of 0.98. The stock has a market cap of £534.48 million, a PE ratio of 2,432.69 and a beta of 1.11. PPHE Hotel Group has a 52-week low of GBX 1,000 ($13.21) and a 52-week high of GBX 1,530.75 ($20.22).

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PPH shares. Jefferies Financial Group restated a “buy” rating and set a GBX 17 ($0.22) target price on shares of PPHE Hotel Group in a research note on Friday, August 30th. JPMorgan Chase & Co. cut their target price 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 note on Monday, September 2nd.

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.