PPHE Hotel (PPH – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Jaina Mistry from Jefferies reiterated a Buy rating on the stock and has a £17.00 price target.
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Jaina Mistry has given her Buy rating due to a combination of factors, primarily focusing on PPHE Hotel Group’s financial performance and future growth prospects. The company’s full-year revenues exceeded consensus expectations by 1%, and EBITDA was in line with forecasts, indicating strong operational performance. Additionally, the EPRA NAV increased to £27.51, reflecting a solid asset base.
Looking ahead, the company has expressed confidence in meeting sales and EBITDA targets for the upcoming year, despite a quieter first quarter. The anticipated ramp-up of key new hotels in 2025 is expected to drive deleveraging, supporting medium-term growth. Furthermore, the existing landbank is poised to contribute to future expansion, reinforcing the positive outlook for the company’s stock.