B.Riley FBR Thinks Red Lion Hotels’ Stock is Going to Recover
In a report issued on November 26, Eric Wold from B.Riley FBR reiterated a Buy rating on Red Lion Hotels (RLH), with a price target of $14.25. The company’s shares closed yesterday at $8.88, close to its 52-week low of $7.80.
According to TipRanks.com, Wold is a 3-star analyst with an average return of 2.3% and a 43.0% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Red Lion Hotels with a $16.25 average price target.
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The company has a one-year high of $14.75 and a one-year low of $7.80. Currently, Red Lion Hotels has an average volume of 95.23K.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.
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Red Lion Hotels Corp. is a hospitality and leisure company, which engages in franchising, management, and ownership of hotel properties. It operates through the Company Operated Hotel and Franchised Hotels segments. The Company Operated Hotel segment comprises guest room rentals; and food and beverage offerings at owned and leased hotels.