PPHE Hotel Group (LON:PPH) Stock Crosses Above 200 Day Moving Average of $1,435.26

PPHE Hotel Group Limited (LON:PPHGet Rating)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,435.26 ($17.42) and traded as high as GBX 1,530 ($18.57). PPHE Hotel Group shares last traded at GBX 1,500 ($18.21), with a volume of 12,669 shares changing hands.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,000 ($24.27) price objective on shares of PPHE Hotel Group in a research report on Thursday, April 28th.

The company has a debt-to-equity ratio of 228.13, a current ratio of 1.57 and a quick ratio of 1.44. The firm has a market cap of £638.27 million and a price-to-earnings ratio of -12.24. The business’s 50-day moving average price is GBX 1,504.20 and its two-hundred day moving average price is GBX 1,435.26.

About PPHE Hotel Group (LON:PPH)

PPHE Hotel Group Limited owns, develops, leases, operates, and franchises full-service upscale and lifestyle hotels in the Netherlands, Germany, Hungary, Serbia, Italy, Austria, and the United Kingdom. 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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