Millennium & Copthorne Hotels plc (MLC) Receives Average Rating of “Hold” from Analysts
Millennium & Copthorne Hotels plc (LON:MLC) has been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 472.86 ($5.76).
Separately, Credit Suisse Group AG restated a “neutral” rating and set a GBX 400 ($4.88) target price on shares of Millennium & Copthorne Hotels plc in a research note on Wednesday, August 3rd.
Millennium & Copthorne Hotels plc (LON:MLC) traded down 0.98% during trading on Tuesday, hitting GBX 442.60. 56,026 shares of the company traded hands. The company’s 50-day moving average is GBX 436.55 and its 200 day moving average is GBX 430.21. The firm’s market cap is GBX 1.42 billion. Millennium & Copthorne Hotels plc has a 52-week low of GBX 360.00 and a 52-week high of GBX 520.50.
The firm also recently announced a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, August 11th were given a dividend of GBX 2.08 ($0.03) per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a dividend yield of 0.51%.
Millennium & Copthorne Hotels plc Company Profile
Millennium & Copthorne Hotels plc is a global hospitality management and real estate group. The Company operates approximately 125 hotels in over 85 business and leisure destinations in Asia, Australasia, Europe, the Middle East and North America. Its geographical segments include New York, Regional US, London, Rest of Europe (including the Middle East), Singapore, Rest of Asia and Australasia.
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