Millennium & Copthorne Hotels Rating Reiterated by Beaufort Securities (MLC)
Millennium & Copthorne Hotels (LON:MLC)‘s stock had its “hold” rating restated by stock analysts at Beaufort Securities in a report issued on Tuesday, American Banking News.com reports.
Millennium & Copthorne Hotels (LON:MLC) traded up 0.17% on Tuesday, hitting GBX 578.00. 48,004 shares of the company’s stock traded hands. 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 581.8 and a 200-day moving average of GBX 572.3. The company’s market cap is £1.874 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Millennium & Copthorne Hotels in a research note on Monday. They now have a GBX 570 ($9.35) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Millennium & Copthorne Hotels in a research note on Tuesday, February 4th. They now have a GBX 550 ($9.02) price target on the stock. Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of Millennium & Copthorne Hotels in a research note on Monday, February 3rd. They now have a GBX 510 ($8.37) price target on the stock. Two investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 549.50 ($9.02).
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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