Millennium & Copthorne Hotels plc (MLC) Upgraded to “Hold” by Berenberg Bank
Berenberg Bank upgraded shares of Millennium & Copthorne Hotels plc (LON:MLC) to a hold rating in a report released on Tuesday. The firm currently has GBX 450 ($5.82) target price on the stock, up from their previous target price of GBX 380 ($4.91).
Separately, Credit Suisse Group raised their target price on Millennium & Copthorne Hotels plc from GBX 455 ($5.88) to GBX 463 ($5.99) and gave the company a neutral rating in a report on Monday, August 7th.
Millennium & Copthorne Hotels plc (LON MLC) opened at 462.80 on Tuesday. The company has a 50-day moving average price of GBX 452.47 and a 200-day moving average price of GBX 451.56. The firm’s market cap is GBX 1.52 billion. Millennium & Copthorne Hotels plc has a 12-month low of GBX 410.00 and a 12-month high of GBX 479.10.
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The business also recently announced a dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 17th will be issued a GBX 2.08 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a dividend yield of 0.45%.
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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