Millennium & Copthorne Hotels Stock Rating Lowered by JPMorgan Chase (MLC)
Millennium & Copthorne Hotels (LON: MLC) was downgraded by investment analysts at JPMorgan Chase to a “neutral” rating in a note issued to investors on Tuesday. They currently have a $8.27 (550 GBX) target price on the stock.
Millennium & Copthorne Hotels opened at 550.00 on Tuesday. Millennium & Copthorne Hotels has a 1-year low of GBX 450.00 and a 1-year high of GBX 572.00. The stock’s 50-day moving average is currently GBX 495.. The company’s market cap is £1.783 billion.
MLC has been the subject of a number of other recent research reports. Analysts at JP Morgan Cazenove downgraded shares of Millennium & Copthorne Hotels to a “neutral” rating in a research note to investors on Tuesday. They now have a $8.27 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Millennium & Copthorne Hotels from $7.99 to $8.27 in a research note to investors on Friday, February 22nd. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Millennium & Copthorne Hotels in a research note to investors on Monday, January 28th. They now have a $7.49 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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