Belmond Ltd. (NYSE:BEL) had its price target cut by analysts at Deutsche Bank AG from $13.00 to $12.00 in a research note issued to investors on Wednesday, November 8th. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s price objective indicates a potential downside of 3.23% from the company’s current price.
A number of other analysts also recently issued reports on the stock. BidaskClub downgraded shares of Belmond from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Barclays PLC reissued an “overweight” rating and set a $15.00 target price (down previously from $16.00) on shares of Belmond in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised shares of Belmond from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $14.00.
Shares of Belmond (NYSE BEL) traded up $0.12 during mid-day trading on Wednesday, hitting $12.40. 255,334 shares of the stock traded hands, compared to its average volume of 363,663. The stock has a market cap of $1,500.00, a price-to-earnings ratio of 63.42 and a beta of 1.18. Belmond has a 1-year low of $11.00 and a 1-year high of $14.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.77 and a current ratio of 1.92.
WARNING: “Belmond Ltd. (NYSE:BEL) PT Lowered to $12.00” was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.truebluetribune.com/2017/11/18/belmond-ltd-bel-given-new-12-00-price-target-at-deutsche-bank-ag.html.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Belmond by 3.9% during the second quarter. BlackRock Inc. now owns 10,522,601 shares of the company’s stock worth $139,950,000 after purchasing an additional 396,895 shares during the last quarter. Vanguard Group Inc. lifted its stake in Belmond by 4.1% during the second quarter. Vanguard Group Inc. now owns 7,582,131 shares of the company’s stock worth $100,843,000 after purchasing an additional 295,379 shares during the last quarter. Hosking Partners LLP lifted its stake in Belmond by 0.5% during the third quarter. Hosking Partners LLP now owns 3,384,653 shares of the company’s stock worth $46,201,000 after purchasing an additional 15,663 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Belmond by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 2,845,718 shares of the company’s stock worth $37,848,000 after purchasing an additional 72,021 shares during the last quarter. Finally, State Street Corp lifted its stake in Belmond by 6.0% during the second quarter. State Street Corp now owns 2,098,452 shares of the company’s stock worth $27,908,000 after purchasing an additional 119,426 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Belmond Company Profile
Belmond Ltd. (Belmond) is a hotel company and adventure travel operator. As of December 31, 2016, Belmond owned, partially-owned and/or operated 45 properties, consisting of 34 individual deluxe hotels, 29 of which are owned (including nine under long-term lease), five European tourist trains, two cruise ships in Myanmar (one of which is under long-term charter), one French canal cruise business consisting of five small canal boats, and one stand-alone restaurant in the United States.
Receive News & Ratings for Belmond Ltd. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Belmond Ltd. and related companies with MarketBeat.com’s FREE daily email newsletter.