In a report issued on December 14, Carlo Santarelli from Deutsche Bank maintained a Hold rating on Belmond Ltd (BEL), with a price target of $17. The company’s shares closed on Friday at $24.68, close to its 52-week high of $24.78.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 7.2% and a 60.0% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Penn National Gaming.
Currently, the analyst consensus on Belmond Ltd is a Hold with an average price target of $21, which is a -14.9% downside from current levels. In a report released today, Jefferies also downgraded the stock to Hold with a $25 price target.
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Based on Belmond Ltd’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $12.62 million. In comparison, last year the company had a net profit of $7.77 million.
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Belmond Ltd. is a hotel and travel company, which operates hotel, river cruise, safari and luxury rail businesses. Its hotels include Belmond Grand Hotel Europe, Belmond Copacabana Palace, Belmond Maroma Resort & Spa, and Belmond El Encanto, Santa Barbara; and tourist trains include VSOE, the Eastern & Oriental Express and Belmond Royal Scotsman.
