PPHE Hotel Group (LON:PPH) Trading 3.4% Higher – Here’s What Happened

PPHE Hotel Group Limited (LON:PPH)’s stock price was up 3.4% on Tuesday . The stock traded as high as GBX 1,220 ($15.46) and last traded at GBX 1,220 ($15.46). Approximately 11,398 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 25,853 shares. The stock had previously closed at GBX 1,180 ($14.95).

Wall Street Analysts Forecast Growth

PPH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of PPHE Hotel Group from GBX 1,550 ($19.64) to GBX 1,500 ($19.01) and set a “neutral” rating for the company in a report on Monday, September 2nd. Jefferies Financial Group reissued 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.

PPHE Hotel Group Price Performance

The company has a quick ratio of 1.19, a current ratio of 0.98 and a debt-to-equity ratio of 229.62. The company has a market cap of £510.57 million, a price-to-earnings ratio of 2,346.15 and a beta of 1.11. The stock’s 50-day simple moving average is GBX 1,192.95 and its 200 day simple moving average is GBX 1,286.52.

PPHE Hotel Group Company Profile

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.