Temple Hotels Stock Rating Lowered by National Bank Financial (TPH)
Temple Hotels (TSE:TPH) was downgraded by equities researchers at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Friday, AmericanBankingNews.com reports. They currently have a C$6.25 price target on the stock, down from their previous price target of C$6.50. National Bank Financial’s price objective points to a potential upside of 6.84% from the company’s current price.
Separately, 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 analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$6.55.
Temple Hotels (TSE:TPH) traded down 3.76% 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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