Jefferson Research Downgrades China Lodging Group to Hold (HTHT)
China Lodging Group (NASDAQ:HTHT) was downgraded by stock analysts at Jefferson Research from a “buy” rating to a “hold” rating in a report issued on Friday, American Banking News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “buy” rating on shares of China Lodging Group in a research note on Thursday, February 13th. Separately, analysts at Bank of America downgraded shares of China Lodging Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. China Lodging Group has an average rating of “Buy” and an average target price of $22.60.
Shares of China Lodging Group (NASDAQ:HTHT) traded up 0.25% during mid-day trading on Friday, hitting $27.93. 35,853 shares of the company’s stock traded hands. China Lodging Group has a 1-year low of $14.75 and a 1-year high of $32.29. The stock has a 50-day moving average of $28. and a 200-day moving average of $23.70. The company has a market cap of $1.712 billion and a P/E ratio of 45.60.
China Lodging Group, Limited (NASDAQ:HTHT) operates hotel chain in China with leased-and-operated and franchised-and-managed models.
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