Liberum Capital Raises Hotel Chocolat Group (LON:HOTC) Price Target to GBX 440

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Hotel Chocolat Group (LON:HOTC) had its price objective lifted by Liberum Capital from GBX 410 ($5.36) to GBX 440 ($5.75) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Separately, Peel Hunt reissued a buy rating and issued a GBX 410 ($5.36) price target (up previously from GBX 375 ($4.90)) on shares of Hotel Chocolat Group in a report on Monday.

Shares of HOTC stock opened at GBX 376 ($4.91) on Tuesday. Hotel Chocolat Group has a 1 year low of GBX 251.56 ($3.29) and a 1 year high of GBX 415 ($5.42). The firm’s fifty day simple moving average is GBX 369.66 and its 200 day simple moving average is GBX 354.28. The firm has a market capitalization of $426.53 million and a P/E ratio of 40.00. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24.

The firm also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be issued a GBX 1.20 ($0.02) dividend. This represents a yield of 0.31%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Hotel Chocolat Group’s previous dividend of $0.60. Hotel Chocolat Group’s payout ratio is 0.21%.

In other Hotel Chocolat Group news, insider Matt Pritchard sold 701,125 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of GBX 370 ($4.83), for a total value of £2,594,162.50 ($3,389,732.78).

About Hotel Chocolat Group

Hotel Chocolat Group plc manufactures, distributes, and retails chocolates under the Hotel Chocolat brand name in the United Kingdom, rest of Europe, and internationally. It offers a range of chocolates, including self-purchase, gift and occasion, and rare and vintage chocolates, as well as drinking chocolates, cocoa-infused alcohols, and cocoa-based beauty products.

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