Hotel Chocolat Group (LON:HOTC) Hits New 1-Year High at $410.00

Hotel Chocolat Group PLC (LON:HOTC)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 410 ($5.36) and last traded at GBX 405 ($5.29), with a volume of 53191 shares. The stock had previously closed at GBX 405 ($5.29).

A number of research firms recently issued reports on HOTC. Liberum Capital lifted their target price on Hotel Chocolat Group from GBX 410 ($5.36) to GBX 440 ($5.75) and gave the stock a “buy” rating in a report on Tuesday, September 24th. Peel Hunt reaffirmed a “buy” rating and set a GBX 410 ($5.36) target price on shares of Hotel Chocolat Group in a report on Thursday, October 3rd. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 410 ($5.36) target price on shares of Hotel Chocolat Group in a report on Thursday, October 3rd.

The business has a fifty day moving average of GBX 374.17 and a 200-day moving average of GBX 358.02. The stock has a market capitalization of $466.40 million and a price-to-earnings ratio of 42.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.33 and a quick ratio of 0.72.

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

In related news, insider Matt Pritchard sold 701,125 shares of Hotel Chocolat Group stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of GBX 370 ($4.83), for a total transaction of £2,594,162.50 ($3,389,732.78).

Hotel Chocolat Group Company Profile (LON:HOTC)

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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