LB Securities Reiterates Buy Rating for Temple Hotels (TPH)
Temple Hotels (TSE:TPH)‘s stock had its “buy” rating reaffirmed by stock analysts at LB Securities in a report issued on Friday, Analyst RN reports. They currently have a C$6.25 target price on the stock, down from their previous target price of C$6.50. LB Securities’ price objective would suggest a potential upside of 6.84% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at National Bank Financial downgraded shares of Temple Hotels from an “outperform” rating to a “sector perform” rating in a research note on Friday. They now have a C$6.25 price target on the stock, down previously from C$6.50. Analysts at M Partners cut their price target on shares of Temple Hotels from C$7.00 to C$6.75 in a research note on Monday, March 17th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Temple Hotels currently has a consensus rating of “Buy” and an average price target of C$6.55.
Shares of Temple Hotels (TSE:TPH) traded down 3.76% during mid-day trading on Friday, hitting $5.63. The stock had a trading volume of 118,706 shares. Temple Hotels has a 52 week low of $5.23 and a 52 week high of $6.25. The stock’s 50-day moving average is $5.96 and its 200-day moving average is $5.86. The company has a P/E ratio of 36.56.
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