Millennium & Copthorne Hotels’s Underperform Rating Reaffirmed at BNP Paribas (MLC)
Millennium & Copthorne Hotels (LON:MLC)‘s stock had its “underperform” rating reaffirmed by research analysts at BNP Paribas in a report released on Monday, AR Network reports. They currently have a GBX 510 ($8.38) price objective on the stock. BNP Paribas’ price target points to a potential downside of 9.65% from the company’s current price.
Millennium & Copthorne Hotels (LON:MLC) traded down 0.27% during mid-day trading on Monday, hitting GBX 564.50. The stock had a trading volume of 92,473 shares. Millennium & Copthorne Hotels has a 1-year low of GBX 513.50 and a 1-year high of GBX 622.50. The stock has a 50-day moving average of GBX 583.4 and a 200-day moving average of GBX 571.5. The company’s market cap is £1.831 billion.
MLC has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Millennium & Copthorne Hotels from GBX 510 ($8.38) to GBX 550 ($9.04) in a research note to investors on Monday, January 13th. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Millennium & Copthorne Hotels from GBX 560 ($9.20) to GBX 570 ($9.37) in a research note to investors on Thursday, January 9th. They now have a “neutral” rating on the stock. Finally, analysts at Panmure Gordon raised their price target on shares of Millennium & Copthorne Hotels from GBX 475 ($7.81) to GBX 602 ($9.89) in a research note to investors on Monday, November 25th. They now have a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 549.50 ($9.03).
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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