Millennium & Copthorne Hotels Stock Rating Lowered by BNP Paribas (MLC)
Millennium & Copthorne Hotels (LON:MLC) was downgraded by analysts at BNP Paribas to an “underperform” rating in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 530 ($8.49) price objective on the stock, up from their previous price objective of GBX 510 ($8.17). BNP Paribas’ target price would indicate a potential downside of 5.19% from the stock’s previous close.
Shares of Millennium & Copthorne Hotels (LON:MLC) opened at 554.00 on Wednesday. Millennium & Copthorne Hotels has a one year low of GBX 456.00 and a one year high of GBX 590.00. The stock’s 50-day moving average is GBX 556.5 and its 200-day moving average is GBX 556.1. The company’s market cap is £1.796 billion.
A number of other analysts have also recently weighed in on MLC. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Millennium & Copthorne Hotels (LON:MLC) in a research note to investors on Friday, September 6th. They now have a GBX 620 ($9.93) price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Millennium & Copthorne Hotels (LON:MLC) in a research note to investors on Thursday, August 22nd. They now have a GBX 510 ($8.17) price target on the stock.
Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 528.75 ($8.47).
Millennium & Copthorne Hotels plc is engaged in the ownership and management of hotels worldwide. The Company operates hotels under four brands: Grand Millennium, Millennium, Copthorne and Kingsgate.
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