Strategic Hotels & Resorts PT Raised to $10.00 at Deutsche Bank (BEE)
Analysts at Deutsche Bank raised their target price on shares of Strategic Hotels & Resorts (NYSE:BEE) from $8.50 to $10.00 in a research report issued to clients and investors on Monday, AnalystRatings.Net reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target points to a potential upside of 7.41% from the company’s current price.
Strategic Hotels & Resorts (NYSE:BEE) traded down 3.54% on Monday, hitting $8.98. The stock had a trading volume of 786,520 shares. Strategic Hotels & Resorts has a one year low of $7.15 and a one year high of $9.75. The stock’s 50-day moving average is $9.41 and its 200-day moving average is $8.87. The company’s market cap is $1.846 billion.
Strategic Hotels & Resorts (NYSE:BEE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.01. The company had revenue of $237.60 million for the quarter, compared to the consensus estimate of $234.15 million. On average, analysts predict that Strategic Hotels & Resorts will post $0.41 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. upgraded shares of Strategic Hotels & Resorts to a “buy” rating in a research note to investors on Monday, January 13th. Finally, analysts at Zacks upgraded shares of Strategic Hotels & Resorts from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, December 26th. They now have a $10.30 price target on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $9.90.
Strategic Hotels & Resorts, Inc (NYSE:BEE) operates as a self-administered and self-managed real estate investment trust (REIT).
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