China Lodging Group Reaches New 12-Month High at $20.50 (HTHT)
China Lodging Group (NASDAQ:HTHT)’s share price reached a new 52-week high during trading hours on Friday, AR Network reports. The company traded as high as $20.50 and last traded at $20.43, with a volume of 165,567 shares traded. The stock had previously closed at $19.50.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of China Lodging Group from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $23.00 price target on the stock, up previously from $20.00. Separately, analysts at Zacks upgraded shares of China Lodging Group from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a $20.50 price target on the stock. Finally, analysts at Brean Capital raised their price target on shares of China Lodging Group from $21.00 to $23.00 in a research note to investors on Friday, August 16th. They now have a “buy” rating on the stock. Eight investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $20.87.
China Lodging Group has a 52 week low of $13.90 and a 52 week high of $20.50. The stock has a 50-day moving average of $19.38 and a 200-day moving average of $17.04. The company has a market cap of $1.250 billion and a P/E ratio of 36.11.
China Lodging Group, Limited (NASDAQ:HTHT) operates hotel chain in China with leased-and-operated and franchised-and-managed models.
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