Orient-Express Hotels Given New $12.00 Price Target at Deutsche Bank (OEH)
Analysts at Deutsche Bank lifted their price target on shares of Orient-Express Hotels (NYSE: OEH) from $11.00 to $12.00 in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock.
The analysts wrote, “Post an extended restricted period, we are updating our estimates and price target. We rate the shares Buy as we continue to believe shares can benefit from: 1) limited expectations for margin enhancements despite the potential for improvements in flow through, 2) the pricing in of much of the negative macro news that has seemingly already been discounted for both lodging and luxury peers, 3) limited Consensus support despite several potential positive catalysts, and 4) continued asset sale opportunities at meaningfully higher multiples than the current trading range of the owned portfolio.”
Orient-Express Hotels (NYSE: OEH) traded up 0.41% on Tuesday, hitting $9.80. Orient-Express Hotels has a 1-year low of $7.52 and a 1-year high of $13.13. The stock’s 50-day moving average is currently $9.93. The company’s market cap is $1.009 billion.
Orient-Express Hotels Ltd. (NYSE: OEH) is a hotel and travel company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.