Millennium & Copthorne Hotels plc Receives Consensus Recommendation of “Hold” from Analysts (LON:MLC)
Shares of Millennium & Copthorne Hotels plc (LON:MLC) have earned a consensus rating of “Hold” from the ten brokerages that are covering the stock, StockRatingsNetwork.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 564.63 ($9.47).
Millennium & Copthorne Hotels plc (LON:MLC) traded down 0.09% during mid-day trading on Tuesday, hitting GBX 574.50. 4,806 shares of the company’s stock traded hands. Millennium & Copthorne Hotels plc has a 1-year low of GBX 525.00 and a 1-year high of GBX 622.50. The stock has a 50-day moving average of GBX 580.3 and a 200-day moving average of GBX 572.1. The company’s market cap is £1.864 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, August 13th will be given a dividend of GBX 2.08 ($0.03) per share. This represents a yield of 0.35%. The ex-dividend date of this dividend is Wednesday, August 13th.
MLC has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Millennium & Copthorne Hotels plc in a research note on Thursday, July 31st. They now have a GBX 550 ($9.23) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Millennium & Copthorne Hotels plc in a research note on Monday, June 16th.
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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