LB Securities Cuts Temple Hotels Price Target to C$6.25 (TPH)
Analysts at LB Securities reduced their price objective on shares of Temple Hotels (TSE:TPH) from C$6.50 to C$6.25 in a report issued on Monday. LB Securities’ price objective points to a potential upside of 10.42% from the stock’s previous close.
Temple Hotels (TSE:TPH) traded up 0.71% during mid-day trading on Monday, hitting $5.70. 29,396 shares of the company’s stock traded hands. Temple Hotels has a 1-year low of $5.39 and a 1-year high of $6.25. The stock has a 50-day moving average of $5.75 and a 200-day moving average of $5.78. The company has a market cap of $230.3 million and a P/E ratio of 566.00.
The company also recently announced a aug 14 dividend, which is scheduled for Monday, September 15th. Stockholders of record on Sunday, August 31st will be paid a dividend of $0.045 per share.
A number of other firms have also recently commented on TPH. Analysts at M Partners cut their price target on shares of Temple Hotels from C$6.75 to C$6.25 in a research note on Friday. Analysts at Laurentian raised their price target on shares of Temple Hotels from C$6.25 to C$6.50 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$6.89.
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