AlphaValue Reiterates “Add” Rating for Millennium & Copthorne Hotels (MLC)
Millennium & Copthorne Hotels (LON:MLC)‘s stock had its “add” rating reaffirmed by stock analysts at AlphaValue in a report issued on Thursday, American Banking & Market News reports. They currently have a GBX 640 ($10.27) price target on the stock. AlphaValue’s target price indicates a potential upside of 11.69% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas downgraded shares of Millennium & Copthorne Hotels from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, September 25th. They now have a GBX 510 ($8.18) price target on the stock, down previously from GBX 530 ($8.50). Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Millennium & Copthorne Hotels in a research note to investors on Friday, September 6th. They now have a GBX 620 ($9.95) price target on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Millennium & Copthorne Hotels in a research note to investors on Friday, August 23rd. They now have a GBX 620 ($9.95) price target on the stock. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 531.25 ($8.52).
Shares of Millennium & Copthorne Hotels (LON:MLC) traded up 0.62% during mid-day trading on Thursday, hitting GBX 570.50. The stock had a trading volume of 37,429 shares. Millennium & Copthorne Hotels has a 52-week low of GBX 456.00 and a 52-week 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 £1.850 billion.
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.
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.