Millennium & Copthorne Hotels PT Raised to GBX 550 (MLC)
Stock analysts at Jefferies Group lifted their price target on shares of Millennium & Copthorne Hotels (LON:MLC) from GBX 510 ($8.40) to GBX 550 ($9.06) in a report issued on Monday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price suggests a potential downside of 5.42% from the company’s current price.
A number of other firms have also recently commented on MLC. Analysts at Credit Suisse raised their price target on shares of Millennium & Copthorne Hotels from GBX 560 ($9.23) to GBX 570 ($9.39) in a research note to investors on Thursday, January 9th. They now have a “neutral” rating on the stock. Separately, analysts at Panmure Gordon raised their price target on shares of Millennium & Copthorne Hotels from GBX 475 ($7.83) to GBX 602 ($9.92) in a research note to investors on Monday, November 25th. They now have a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 549.50 ($9.06).
Millennium & Copthorne Hotels (LON:MLC) opened at 581.50 on Monday. Millennium & Copthorne Hotels has a 52-week low of GBX 513.50 and a 52-week high of GBX 622.50. The stock’s 50-day moving average is GBX 586.1 and its 200-day moving average is GBX 571.0. The company’s market cap is £1.886 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.
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