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Deutsche Bank Thinks Playa Hotels & Resorts NV’s Stock is Going to Recover


In a report issued on September 13, Chris Woronka from Deutsche Bank reiterated a Buy rating on Playa Hotels & Resorts NV (NASDAQ: PLYA), with a price target of $15. The company’s shares closed on Friday at $9.76, close to its 52-week low of $9.41.

According to TipRanks.com, Woronka is ranked #2718 out of 4877 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Playa Hotels & Resorts NV with a $14 average price target.

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Playa Hotels & Resorts NV’s market cap is currently $1.27B and has a P/E ratio of 54.22. The company has a Price to Book ratio of 1.49.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PLYA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Playa Hotels & Resorts NV engages in the ownership, operation, and development of all-inclusive resorts in beachfront location destinations in Mexico and the Caribbean. It operates through the following geographical segments: Yucatán Peninsula, Pacific Coast, and Caribbean Basin.