Belmond Ltd. (BEL) Given Average Rating of “Hold” by Analysts
Shares of Belmond Ltd. (NYSE:BEL) have earned a consensus rating of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $14.00.
Several analysts recently weighed in on BEL shares. Barclays PLC reissued an “overweight” rating and issued a $15.00 price objective (down previously from $16.00) on shares of Belmond in a research note on Thursday, August 10th. BidaskClub cut shares of Belmond from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Finally, Deutsche Bank AG reduced their price objective on shares of Belmond from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Wednesday, November 8th.
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A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Belmond by 3.9% in the second quarter. BlackRock Inc. now owns 10,522,601 shares of the company’s stock valued at $139,950,000 after buying an additional 396,895 shares during the period. Vanguard Group Inc. lifted its holdings in Belmond by 4.1% in the second quarter. Vanguard Group Inc. now owns 7,582,131 shares of the company’s stock valued at $100,843,000 after buying an additional 295,379 shares during the period. Hosking Partners LLP lifted its holdings in Belmond by 0.5% in the third quarter. Hosking Partners LLP now owns 3,384,653 shares of the company’s stock valued at $46,201,000 after buying an additional 15,663 shares during the period. Bank of New York Mellon Corp lifted its holdings in Belmond by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 2,845,718 shares of the company’s stock valued at $37,848,000 after buying an additional 72,021 shares during the period. Finally, State Street Corp lifted its holdings in Belmond by 6.0% in the second quarter. State Street Corp now owns 2,098,452 shares of the company’s stock valued at $27,908,000 after buying an additional 119,426 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.
Shares of Belmond (BEL) opened at $12.40 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.92 and a debt-to-equity ratio of 0.96. Belmond has a one year low of $11.00 and a one year high of $14.45. The firm has a market cap of $1,269.00, a price-to-earnings ratio of 65.26 and a beta of 1.18.
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.
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