Why Has Berenberg Given Millennium Copthorne Hotels PLC (LON:MLC) a GBX 470.00 Price Target
Analysts at Berenberg commenced coverage coverage on shares of Millennium Copthorne Hotels PLC (LON:MLC) in an interesting research report announced on Tuesday, 8 December. The financial firm set Hold rating on the 1.50 billion GBP market cap company.
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 21.09% above today’s (GBX 463.07) stock price. Millennium Copthorne Hotels PLC was the topic of 10 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. AlphaValue upgraded shares on December 3 to “Buy” rating. Stifel Nicolaus maintained MLC stock in a recent report from October 30 with “Buy” rating. Finally, Beaufort Securities maintained the stock with “Buy” rating in a report issued on a July 31.
The stock decreased 1.33% or GBX 6.23 on December 7, striking GBX 463.07. Approximately 26,013 shares of stock traded hands. Millennium & Copthorne Hotels plc (LON:MLC) has declined 20.57% since May 11, 2015 and is downtrending. It has underperformed by 19.49% the S&P500.
Millennium & Copthorne Hotels plc is a global hospitality management and real estate group. The company has a market cap of 1.50 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 14.43 P/E ratio. The Company’s brands include Millennium Hotels, Grand Millennium Hotels, Copthorne Hotels, Kingsgate Hotels, M Hotels, Biltmore, Studio M and MyStays.