Jefferies Group Reaffirms Hold Rating on Millennium & Copthorne Hotels (MLC)
Millennium & Copthorne Hotels (LON: MLC)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group in a note issued to investors on Monday. They currently have a $7.49 (475 GBX) target price on the stock.
Millennium & Copthorne Hotels opened at 543.50 on Monday. Millennium & Copthorne Hotels has a 52-week low of GBX 434.10 and a 52-week high of GBX 543.50. The stock’s 50-day moving average is currently GBX 495.. The company’s market cap is £1.761 billion.
Separately, analysts at Natixis downgraded shares of Millennium & Copthorne Hotels to a “neutral” rating in a research note to investors on Monday, November 5th. They now have a $7.85 price target on the stock.
Millennium & Copthorne Hotels plc is engaged in the ownership and management of hotels worldwide. The Company operates hotels under four brands: Grand Millennium, Millennium, Copthorne and Kingsgate.
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