Deutsche Bank Thinks Ashford Hospitality’s Stock is Going to Recover
In a report released today, Chris Woronka from Deutsche Bank maintained a Buy rating on Ashford Hospitality (AHT), with a price target of $6.00. The company’s shares closed last Tuesday at $3.40, close to its 52-week low of $1.27.
According to TipRanks.com, Woronka is a 4-star analyst with an average return of 11.2% and a 48.8% success rate. Woronka covers the Financial sector, focusing on stocks such as Summit Hotel Properties, Host Hotels & Resorts, and Park Hotels & Resorts.
Currently, the analyst consensus on Ashford Hospitality is a Moderate Buy with an average price target of $4.00.
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The company has a one-year high of $22.33 and a one-year low of $1.27. Currently, Ashford Hospitality has an average volume of 8.5M.
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Ashford Hospitality Trust, Inc. is a real estate investment trust, which invests in the hospitality industry. It invests in lodging-related assets; direct hotel investments; mezzanine financing through origination or acquisition; first-lien mortgage financing through origination or acquisition; sale-leaseback transactions; and other hospitality transactions. The company was founded by Montgomery Jack Bennett in May 2003 and is headquartered in Dallas, TX.