In a report released yesterday, Carlo Santarelli from Deutsche Bank maintained a Hold rating on Belmond Ltd (NYSE: BEL), with a price target of $11. The company’s shares closed yesterday at $11.15.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 13.2% and a 68.0% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Pinnacle Entertainment.
Currently, the analyst consensus on Belmond Ltd is a Moderate Sell with an average price target of $11.67.
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Based on Belmond Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.5 million. In comparison, last year the company had a GAAP net loss of $5.02 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.
