Millennium & Copthorne Hotels plc (MLC) Receives Average Rating of “Hold” from Analysts
Millennium & Copthorne Hotels plc (LON:MLC) has earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 472.86 ($5.76).
Separately, Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 400 ($4.88) target price on shares of Millennium & Copthorne Hotels plc in a research report on Wednesday, August 3rd.
Shares of Millennium & Copthorne Hotels plc (LON:MLC) traded down 0.98% during midday trading on Tuesday, hitting GBX 442.60. The company had a trading volume of 56,026 shares. The company’s market cap is GBX 1.42 billion. The stock’s 50-day moving average price is GBX 436.55 and its 200-day moving average price is GBX 430.21. Millennium & Copthorne Hotels plc has a 12 month low of GBX 360.00 and a 12 month high of GBX 520.50.
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The company also recently declared a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, August 11th were issued a GBX 2.08 ($0.03) dividend. The ex-dividend date was Thursday, August 11th. This represents a dividend yield of 0.51%.
About Millennium & Copthorne Hotels plc
Millennium & Copthorne Hotels plc is a global hospitality management and real estate group. The Company operates approximately 125 hotels in over 85 business and leisure destinations in Asia, Australasia, Europe, the Middle East and North America. Its geographical segments include New York, Regional US, London, Rest of Europe (including the Middle East), Singapore, Rest of Asia and Australasia.
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