Deutsche Bank Keeps a Hold Rating on Belmond Ltd

Deutsche Bank analyst Carlo Santarelli maintained a Hold rating on Belmond Ltd (NYSE: BEL) today and set a price target of $11. The company’s shares closed yesterday at $10.70, close to its 52-week low of $10.30.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 15.6% and a 74.0% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Red Rock Resorts Inc.

Belmond Ltd has an analyst consensus of Hold, with a price target consensus of $11.

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Based on Belmond Ltd’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $15 million. In comparison, last year the company had a GAAP net loss of $18.15 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.