Millennium & Copthorne Hotels (LON:MLC) Stock Upgrade
In a recent research report distributed on 3 December, AlphaValue decided to upgrade shares of Millennium & Copthorne Hotels (LON:MLC) to a “Buy” rating. The firm currently has a respectable GBX 558 target price on MLC shares.
From a total of 6 analysts covering Millennium Copthorne Hotels PLC (LON:MLC) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 29% of the ratings are positive. The highest target price is GBX 640 while the lowest target price is GBX 460. The mean of all analyst targets is GBX 530.83 with a 17.52% above today’s (GBX 476.1) stock price. Millennium Copthorne Hotels PLC was the topic of 9 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Natixis maintained shares on November 18 with “Neutral” rating. Jefferies maintained MLC stock in a recent report from October 16 with “Hold” rating. Finally, Beaufort Securities maintained the stock with “Buy” rating in a report issued on a July 31.
Approximately 13,868 shares of stock traded hands. Millennium & Copthorne Hotels plc (LON:MLC) has declined 20.62% since May 6, 2015 and is downtrending. It has underperformed by 20.33% the S&P500.
Millennium & Copthorne Hotels plc is a global hospitality management and real estate group. The company has a market cap of 1.55 billion GBP. The Firm has approximately 120 hotels in 79 business and leisure destinations in Asia, Australasia, Europe, the Middle East and North America. It has 14.84 P/E ratio. The Company’s brands include Millennium Hotels, Grand Millennium Hotels, Copthorne Hotels, Kingsgate Hotels, M Hotels, Biltmore, Studio M and MyStays.