Market Might Still Lack Some Conviction On Les Hôtels de Paris SA (EPA:HDP) Even After 28% Share Price Boost
Les Hôtels de Paris SA (EPA:HDP) shares have continued their recent momentum with a 28% gain in the last month alone. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 28% over that time.
Although its price has surged higher, given about half the companies operating in France’s Hospitality industry have price-to-sales ratios (or “P/S”) above 1.1x, you may still consider Les Hôtels de Paris as an attractive investment with its 0.4x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
