PPHE Hotel Group (LON:PPH) had its price objective cut by JPMorgan Chase & Co. from GBX 1,500 ($18.46) to GBX 1,300 ($16.00) in a research report sent to investors on Wednesday morning, Stock Target Advisor reports. They currently have an overweight rating on the stock.
Several other analysts also recently weighed in on PPH. Berenberg Bank reduced their target price on PPHE Hotel Group from GBX 1,750 ($21.54) to GBX 1,700 ($20.92) and set a buy rating for the company in a report on Tuesday, May 19th. Jefferies Financial Group downgraded PPHE Hotel Group to a hold rating and reduced their price objective for the company from GBX 1,400 ($17.23) to GBX 1,150 ($14.15) in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. PPHE Hotel Group presently has an average rating of Buy and an average price target of GBX 1,383.33 ($17.02).
PPHE Hotel Group stock opened at GBX 1,070 ($13.17) on Wednesday. PPHE Hotel Group has a fifty-two week low of GBX 10.50 ($0.13) and a fifty-two week high of GBX 2,160 ($26.58). The company has a debt-to-equity ratio of 189.39, a quick ratio of 2.50 and a current ratio of 2.70. The company has a market capitalization of $454.32 million and a P/E ratio of 13.38. The stock has a 50-day simple moving average of GBX 1,132.40 and a 200-day simple moving average of GBX 1,384.04.
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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